{"id":14551,"date":"2025-02-23T10:18:42","date_gmt":"2025-02-23T10:18:42","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14551"},"modified":"2025-02-23T10:18:42","modified_gmt":"2025-02-23T10:18:42","slug":"shiba-inus-shibarium-records-heartbreaking-96-crash-in-transactions-whats-going-on","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14551","title":{"rendered":"Shiba Inu\u2019s Shibarium Records Heartbreaking 96% Crash In Transactions, What\u2019s Going On?"},"content":{"rendered":"
\n

Shiba Inu\u2019s Shibarium<\/a> has suffered a heartbreaking decline in activity, dropping to new lows not seen in a long while. Reports reveal that the Layer 2 network has seen its daily transaction count plummet by over 96%, signaling a slowdown in user engagement and network usage.<\/p>\n

Shiba Inu\u2019s Shibarium Activity Crashes 98%<\/h2>\n

Shibarium, a prominent blockchain network designed to improve the Shiba Inu ecosystem, has been experiencing poor performance<\/a> lately. Data<\/a> from ShibariumScan reveals that the network\u2019s daily transactions have collapsed to 52,410, marking a sharp and drastic shift in user engagement.<\/p>\n

Notably, transactions were up to 151,090. However, in the past 24 hours, Shibarium has clearly taken another hit<\/a>, dropping more than 60% from the initial value. Additionally, on February 14, Shibarium Scan recorded an increase in daily transactions, rising as much as 4.77 million. In just a week, this lofty figure has crashed to heartbreaking lows, reflecting market uncertainty<\/a> and declining interest in the ecosystem.<\/p>\n

The sharp drop in Shibarium\u2019s daily transactions <\/a>also suggests that users may be losing confidence in the network\u2019s ability to sustain high activity levels, especially in volatile markets. Notably, this massive crash comes amidst a broader market downturn and volatility<\/a>.<\/p>\n

Recently, the market crashed severely following Bitcoin\u2019s decline below the $100,000<\/a> threshold. Following BTC\u2019s downtrend, major meme coins, including Shiba Inu, plummeted, with its price dropping from previous highs above $0.00002 to $0.000015 currently.\u00a0<\/p>\n

Given that Bitcoin has failed to break past the bearish trend and reclaim its previous position above $100,000, other altcoins and meme coins seem to be experiencing a similar restriction in their momentum. While this less-than-optimistic market environment<\/a> has not been ideal for Shibarium\u2019s growth, its overall transaction count is still rising, albeit slowly. It is also steadily approaching a key milestone, with it hitting a 1 billion transaction count.<\/p>\n

Will The Shiba Inu Price Be Affected By Shibarium\u2019s Crash?<\/h2>\n

Although the recent downturn in Shibarium transactions has raised questions and could impact the Shiba Inu ecosystem, it\u2019s still uncertain whether this drawdown will directly influence SHIB\u2019s price action<\/a>. Typically, when the Shibarium network is thriving and experiencing a surge in transactions, it helps to boost the meme coin\u2019s utility and overall long-term sustainability and adoption.\u00a0<\/p>\n

However, with transaction volumes plummeting, this could significantly reduce burn rates<\/a> \u2014 an activity that is aimed at decreasing the meme coin\u2019s supply and driving price appreciation. Not only this, declining network engagement could exacerbate selling pressures<\/a>, putting more burden on the already weak market.\u00a0<\/p>\n

As of this writing, the price of Shiba Inu is $0.000015, marking a 2.24% decrease in the last 24 hours, according to CoinMarketCap. The cryptocurrency has been in the red zone for the past few weeks, crashing by more than 23.9% in the last month. <\/p>\n

\"Shiba<\/div>\n","protected":false},"excerpt":{"rendered":"

Shiba Inu\u2019s Shibarium has suffered a heartbreaking decline in activity, dropping to new lows not seen in a long while. Reports reveal that the Layer 2 network has seen its daily transaction count plummet by over 96%, signaling a slowdown in user engagement and network usage. Shiba Inu\u2019s Shibarium Activity Crashes 98% Shibarium, a prominent […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14551","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14551"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14551\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}