{"id":91781,"date":"2025-08-27T16:00:17","date_gmt":"2025-08-27T16:00:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=91781"},"modified":"2025-08-27T16:00:17","modified_gmt":"2025-08-27T16:00:17","slug":"shiba-inus-shibarium-suffers-crash-in-major-metric-is-shib-price-at-risk","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=91781","title":{"rendered":"Shiba Inu\u2019s Shibarium Suffers Crash In Major Metric, Is SHIB Price At Risk?"},"content":{"rendered":"

Shiba Inu\u2019s layer-2 network, Shibarium<\/a>, has suffered a significant decline in its daily transaction metric, providing a bearish outlook for the top meme coin. This comes as the SHIB price looks to stage a rebound alongside the broader crypto market.\u00a0\u00a0<\/p>\n

Shiba Inu\u2019s Shibarium Suffers Crash In Daily Transactions<\/h2>\n

Shibariumscan data<\/a> shows that daily transactions on Shiba Inu\u2019s layer-2 network crashed from just over 4 million on August 23 to 1.09 million on August 24. The crash further extended on August 25 as the network recorded 624,140 transactions on the day, which represented a 2-month low for the layer-2 network<\/a>.\u00a0<\/p>\n

Meanwhile, Shiba Inu\u2019s Shibarium recorded 1.76 million transactions on August 26, which is still significantly below the average of 4 million daily transactions it has maintained for some time. This development is typically bearish for the SHIB price<\/a>, as a decrease in the network\u2019s daily transactions leads to fewer token burns.\u00a0<\/p>\n

The Shiba Inu team deploys some of the fees earned on Shibarium for SHIB burns<\/a>, which helps reduce the token\u2019s circulating supply and could serve as a catalyst for higher prices as demand increases. Notably, Shibburn data<\/a> shows that the burn rate is down over 87% in the last seven days, with 8.8 million tokens burned during this period.\u00a0<\/p>\n

However, a positive is that the Shiba Inu burns increased over 500% in the last 24 hours, with 1 million tokens burned during this period. This trend might not be sustainable if the daily transactions on Shibarium<\/a> continue to drop. Meanwhile, other major metrics on the layer-2 network are also on a downtrend at the moment. This includes the number of active and new accounts, which highlight the network\u2019s growth over a period of time.\u00a0<\/p>\n

Bullish Case For The SHIB Price<\/h2>\n

Amid the drop in these Shiba Inu\u2019s Shibarium metrics, crypto analyst Javon Marks<\/a> has made a bullish case for the SHIB price. In an X post<\/a>, he stated that the structure of SHIB\u2019s Inverse Head and Shoulders pattern remains intact and is currently in the final shoulder area of it. Based on this, he declared that the meme coin might be on the brink of a substantial surge.\u00a0<\/p>\n

If the breakout occurs, Marks claimed that the target is over 540% away at $0.000081, which could pave the way into new all-time highs (ATHs) for Shiba Inu. The SHIB price\u2019s current ATH<\/a> is $0.00008845, which it reached in October 2021. Meanwhile, fundamentals like the Shib Alpha Layer may help contribute to any potential surge in the SHIB price.\u00a0<\/p>\n

At the time of writing, the Shiba Inu price is trading at around $0.00001253, up over 2% in the last 24 hours, according to data<\/a> from CoinMarketCap.<\/p>","protected":false},"excerpt":{"rendered":"

Shiba Inu\u2019s layer-2 network, Shibarium, has suffered a significant decline in its daily transaction metric, providing a bearish outlook for the top meme coin. This comes as the SHIB price looks to stage a rebound alongside the broader crypto market.\u00a0\u00a0 Shiba Inu\u2019s Shibarium Suffers Crash In Daily Transactions Shibariumscan data shows that daily transactions on […]<\/p>\n","protected":false},"author":0,"featured_media":91782,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-91781","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\/91781"}],"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=91781"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/91781\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/91782"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=91781"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=91781"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=91781"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}