{"id":197501,"date":"2026-07-13T18:35:55","date_gmt":"2026-07-13T18:35:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=197501"},"modified":"2026-07-13T18:35:55","modified_gmt":"2026-07-13T18:35:55","slug":"key-shiba-inu-metric-reaches-a-new-ath-yet-shibs-price-keeps-sliding-details","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=197501","title":{"rendered":"Key Shiba Inu Metric Reaches a New ATH, Yet SHIB\u2019s Price Keeps Sliding: Details"},"content":{"rendered":"

The meme coin remains stuck in a heavy downtrend caused by the prolonged bear market and other negative factors.<\/p>\n

Despite the grim conditions, Shiba Inu\u2019s holders base continues to rise, recently reaching a new all-time high.<\/p>\n

The New Record<\/h2>\n

The total number of SHIB wallets has been rising slowly recently, but at the beginning of the month there was a sharp jump. According to the X account BSCN, the meme coin saw<\/a> an explosive jump of almost 75,000 new holders between July 5 and July 6 \u2013 far above its typical daily growth.<\/p>\n

It remains unclear why the figure soared so sharply, as some speculate there might have been a technical glitch. In any case, the total number currently stands at 1,676,535, which is a new all-time high.<\/p>\n

The growing figure contrasts with the plummeting price of Shiba Inu. As of this writing, it trades at around $0.0000042, reflecting a 15% plunge on a monthly scale and a staggering 95% crash from the historic peak witnessed in 2021.<\/p>\n

<\/a>SHIB Price, Source: CoinGecko<\/p>\n

SHIB remains the second-largest meme coin, but only thanks to the double-digit collapse MemeCore (M) recently experienced<\/a>. The market capitalization of the self-proclaimed Dogecoin killer has tumbled below $2.5 billion, making it the 36th-biggest cryptocurrency.<\/p>\n

Further Slump Incoming?<\/h2>\n

The rising number of SHIB wallets is perhaps the only real glimmer of optimism for Shiba Inu lately. Its burning mechanism, which saw<\/a> a major resurgence last week, has once again slowed, while Shibarium\u2019s activity has fallen to near-idle levels.<\/p>\n

The layer-2 scaling solution, designed to enhance Shiba Inu\u2019s ecosystem by boosting speed, lowering transaction fees, and improving scalability, initially processed millions of transactions on a daily basis. Over the past months (especially after Shibarium\u2019s exploit<\/a> last year), those have tumbled to mere thousands and hundreds.<\/p>\n

<\/a>Shibarium Daily Transactions, Source: shibariumscan.io<\/p>\n

These negative factors, combined with the fading interest in the meme coin, suggest that bulls might have to suffer more pain in the near future. According<\/a> to BSCN, SHIB\u2019s daily trading volume was close to $700 million a year ago, but today (July 13) it is struggling to reach $50 million.<\/p>\n

The sentiment among analysts and industry participants is also particularly negative. Recently, popular trader James Wynn described<\/a> SHIB as \u201cold, dead, and boring,\u201d suggesting it may not recover for another 5-10 years until nostalgia potentially brings it back.<\/p>\n

The post Key Shiba Inu Metric Reaches a New ATH, Yet SHIB\u2019s Price Keeps Sliding: Details<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The meme coin remains stuck in a heavy downtrend caused by the prolonged bear market and other negative factors. Despite the grim conditions, Shiba Inu\u2019s holders base continues to rise, recently reaching a new all-time high. The New Record The total number of SHIB wallets has been rising slowly recently, but at the beginning of […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-197501","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/197501"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=197501"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/197501\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=197501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=197501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=197501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}