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Shiba Inu’s response to Shibarium looks bleak – Why?



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Shiba Inu’s [SHIB] Shibarium was quick to reach a milestone that reflected its popularity in the crypto space. Only weeks after launch, Shibarium’s total number of wallets crossed the 1 million mark. Though Shibarium’s adoption was on the rise, Shiba Inu ecosystem tokens were not performing in the best interest of investors, as their charts were painted red.

Read Shiba Inu’s [SHIB] Price Prediction 2023-24

Weeks after the launch, Shiba Inu’s much-talked-about Shibarium was quick to scale up its adoption as its total wallets reached 1,010,171. Not only that, but Shibarium’s total number of transactions was also about to reach the same milestone.

At press time, the layer 2’s total transactions stood at 938,971, with a daily transaction count of 100,000. To date, more than 449,000 blocks have been created, with an average block time of 5 seconds.

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Source: Shibariumscan.io

LUCIE, an official Twitter handle that posts updates related to the Shiba Inu ecosystem, recently revealed that Shibarium has started to utilize more stablecoins such as USDT, USDC, and DAI. An expansion in stablecoin utilization can have a positive impact on the layer 2 as it can help increase network usage and adoption over the coming weeks.

#Shibarium now utilizes stablecoins such as $DAI, $USDT, $USDC, and several other tokens. You can check this on https://t.co/elTxSe0372 pic.twitter.com/28ekBAsk8U

— 𝐋𝐔𝐂𝐈𝐄 | Summer of Shibarium (@LucieSHIB) September 3, 2023

 

Though Shibarium reached new highs, SHIB’s performance was underwhelming for the last couple of days. The memecoin’s social volume declined over the last week, suggesting that it was not a topic of discussion in the crypto community.

Moreover, negative sentiment around the token was also high, as evident from the dip in its weighted sentiment.

Source: Santiment

The memecoin’s price action was also under the bears’ control. According to CoinMarketCap, SHIB was down by more than 2.5% over the last week. At press time, it was trading at $0.000007764 with a market capitalization of over $4.5 billion.

Nonetheless, Shiba Inu remained whales favorite as Whalestats’ data revealed that it was the most traded token among the top 100 Ethereum [ETH] whales in the last 24 hours.

SHIB’s exchange reserve was also declining, suggesting that it was not under selling pressure, which could help turn the situation around in the coming days.

Bone ShibaSwap [BONE], which is one of the main tokens for Shibarium, was also under pressure as its value dropped by over 22% last week. At the time of writing, it was trading at $1.05 with a market cap of over $240 million. Santiment’s chart pointed out a bearish price volume divergence.

Is your portfolio green? Check the Shiba Inu Profit Calculator

BONE’s supply on exchanges increased while its supply outside of exchanges dropped slightly. This indicated that investors were selling their holdings, causing BONE’s price to drop. Another bearish metric was BONE’s network growth, which plummeted last week.

Doge Killer [LEASH] also followed a similar declining trend as its value dropped by over 16% last week, which was concerning for the entire Shiba Inu ecosystem.

Source: Santiment

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    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 14.10.25 08:46 robertalfred175

    CRYPTO SCAM RECOVERY SUCCESSFUL – A TESTIMONIAL OF LOST PASSWORD TO YOUR DIGITAL WALLET BACK. My name is Robert Alfred, Am from Australia. I’m sharing my experience in the hope that it helps others who have been victims of crypto scams. A few months ago, I fell victim to a fraudulent crypto investment scheme linked to a broker company. I had invested heavily during a time when Bitcoin prices were rising, thinking it was a good opportunity. Unfortunately, I was scammed out of $120,000 AUD and the broker denied me access to my digital wallet and assets. It was a devastating experience that caused many sleepless nights. Crypto scams are increasingly common and often involve fake trading platforms, phishing attacks, and misleading investment opportunities. In my desperation, a friend from the crypto community recommended Capital Crypto Recovery Service, known for helping victims recover lost or stolen funds. After doing some research and reading multiple positive reviews, I reached out to Capital Crypto Recovery. I provided all the necessary information—wallet addresses, transaction history, and communication logs. Their expert team responded immediately and began investigating. Using advanced blockchain tracking techniques, they were able to trace the stolen Dogecoin, identify the scammer’s wallet, and coordinate with relevant authorities to freeze the funds before they could be moved. Incredibly, within 24 hours, Capital Crypto Recovery successfully recovered the majority of my stolen crypto assets. I was beyond relieved and truly grateful. Their professionalism, transparency, and constant communication throughout the process gave me hope during a very difficult time. If you’ve been a victim of a crypto scam, I highly recommend them with full confidence contacting: 📧 Email: [email protected] 📱 Telegram: @Capitalcryptorecover Contact: [email protected] 📞 Call/Text: +1 (336) 390-6684 🌐 Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 18:07 crypto

    Cryptocurrency's digital realm presents many opportunities, but it also conceals complex frauds. It is quite painful to lose your cryptocurrency to scam. You can feel harassed and lost as a result. If you have been the victim of a cryptocurrency scam, this guide explains what to do ASAP. Following these procedures will help you avoid further issues or get your money back. Communication with Marie ([email protected] and WhatsApp: +1 7127594675) can make all the difference.

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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