Shiba Inu’s layer-2 scaling solution Shibarium has achieved a remarkable milestone of 1 billion total transactions, marking a significant technical achievement for the popular meme coin’s ecosystem. However, this breakthrough hasn’t translated into price gains, with SHIB continuing to face bearish pressure around the $0.000012 level.
Shibarium’s Billion-Transaction Milestone: A Closer Look at the Numbers
According to official data from Shibariumscan, the network has processed over 1,012,261,457 transactions across 10,284,922 blocks since its launch in August 2023. The platform has also generated nearly 195 million unique addresses, demonstrating significant adoption of the layer-2 solution.
Daily transaction volumes have been particularly impressive, with recent 24-hour periods showing:
- Current 24-hour period: 2.75 million transactions
- Previous 24-hour period: 4.11 million transactions
Price Divergence: Why SHIB Remains Bearish Despite Network Growth
Despite Shibarium’s technical achievements, SHIB’s price action tells a different story. The broader crypto market downturn, exacerbated by Trump’s recent tariff announcements, has contributed to SHIB’s bearish trend. Key price metrics include:
- Current price: $0.00001210
- 7-day performance: -9.4%
- 24-hour change: -1.2%
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Market Analysis: Key Factors Affecting SHIB’s Price
Several factors are contributing to SHIB’s price struggles:
- Decoupling of network metrics from price action
- General crypto market bearish sentiment
- Reduced speculative interest in meme coins
- Technical resistance at the $0.000012 level
Looking Ahead: What’s Next for Shiba Inu?
While Shibarium’s growth demonstrates the network’s technical capabilities, investors should watch these key factors for potential price recovery:
- Support level at $0.000012
- Overall crypto market sentiment
- New Shibarium ecosystem developments
- Institutional interest in meme coins
FAQ Section
What is Shibarium?
Shibarium is Shiba Inu’s layer-2 scaling solution designed to improve transaction speed and reduce costs on the network.
Why isn’t SHIB’s price rising despite network growth?
The disconnect between price and network metrics suggests market sentiment currently prioritizes broader crypto market conditions over network achievements.
What’s the next major support level for SHIB?
If SHIB breaks below $0.000012, the next significant support level would be at $0.000010.