{"id":63289,"date":"2025-05-01T03:41:28","date_gmt":"2025-05-01T03:41:28","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=63289"},"modified":"2025-05-01T03:41:28","modified_gmt":"2025-05-01T03:41:28","slug":"200000000-shiba-inus-shibarium-blasts-through-another-key-milestone","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=63289","title":{"rendered":"200,000,000: Shiba Inu\u2019s Shibarium Blasts Through Another Key Milestone"},"content":{"rendered":"

TL;DR<\/strong>
\n<\/span><\/p>\n

The L2 blockchain solution reached a fresh milestone, but SHIB\u2019s price is down 3% for the day. <\/span>
\nWeak token burns and rising exchange inflows indicate that the pullback may intensify in the short term.<\/span><\/p>\n

<\/a><\/span><\/h2>\n

Hitting Another Target<\/h2>\n

Shiba Inu (SHIB) remains one of the most popular crypto projects<\/span>, which in<\/span> recent years evolved from a meme coin to a complex ecosystem.<\/span> One of its features is the layer-2 scaling solution Shibarium, which aims to reduce transaction fees, improve speed, and enhance scalability.<\/span><\/p>\n

It officially <\/span>saw the light of day<\/span><\/a> in August 2023 and has made serious progress since then.<\/span> Approximately a month ago, the <\/span>number of<\/span> transactions <\/span>processed<\/span><\/a> on Shibarium exceeded one billion. The figure currently stands at over 1.12 billion.\u00a0<\/span><\/p>\n

Earlier today (April 30), the protocol blasted through a new important milestone. <\/span>Specifically, the total number of wallet addresses <\/span>that have interacted<\/span> with Shibarium since its launch surpassed<\/a> 200 million.<\/span>\u00a0<\/span><\/p>\n

The L2 blockchain solution has garnered the attention of multiple industry participants in the past months, some of whom believe SHIB\u2019s potential rally during this bull cycle depends heavily on it. An example is the popular Bitcoin advocate Jeremie Davinci, who <\/span>said<\/span><\/a>:<\/span><\/p>\n

\u201cI like Shiba Inu, as you know, and\u00a0I think it will do relatively well in this cycle, but it may not go as high as you expect. I think Shiba Inu has a lot of utility now that they have Shibarium, and basically, it\u2019s a chain that you can\u00a0<\/span>actually<\/span> run all kinds of applications.<\/span><\/p>\n

However, nobody is using it, and there are no applications for using your tokens on Shibarium yet. <\/span>If they <\/span>get that solved<\/span>, Shiba Inu will go to the moon.\u201d<\/span><\/p>\n

SHIB Price Outlook<\/span><\/h2>\n

Despite Shibarium\u2019s latest achievement, Shiba Inu remains in the red today, retreating by approximately 3% and currently trading at $0.00001323 (per CoinGecko\u2019s data).<\/span><\/p>\n

Moreover, some factors suggest the pullback could deepen in the short term. For example, the token burn mechanism has <\/span>removed<\/span><\/a> only a small amount of SHIB over the past week. Its <\/span>main<\/span> purpose is to reduce the massive circulating supply, potentially increasing the token\u2019s value through scarcity. However, demand must head north \u2013 or, at the very least, not decline for this to have a real impact.<\/span><\/p>\n

Shiba Inu\u2019s exchange netflow is also worth observing. In the past several days, inflows have <\/span>surpassed<\/span><\/a> outflows, hinting that investors have shifted toward centralized exchanges. <\/span>This<\/span>, in turn, increases the immediate selling pressure.<\/span><\/p>\n

<\/a>SHIB Exchange Netflow, Source: CryptoQuant<\/p>\n

The post 200,000,000: Shiba Inu\u2019s Shibarium Blasts Through Another Key Milestone<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

TL;DR The L2 blockchain solution reached a fresh milestone, but SHIB\u2019s price is down 3% for the day. Weak token burns and rising exchange inflows indicate that the pullback may intensify in the short term. Hitting Another Target Shiba Inu (SHIB) remains one of the most popular crypto projects, which in recent years evolved from […]<\/p>\n","protected":false},"author":0,"featured_media":63290,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-63289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63289"}],"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=63289"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/63289\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/63290"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}