{"id":20921,"date":"2025-04-07T13:18:37","date_gmt":"2025-04-07T13:18:37","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20921"},"modified":"2025-04-07T13:18:37","modified_gmt":"2025-04-07T13:18:37","slug":"shibariums-latest-milestone-fails-to-stop-shibs-nosedive-details","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20921","title":{"rendered":"Shibarium\u2019s Latest Milestone Fails to Stop SHIB\u2019s Nosedive: Details"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">The L2 blockchain solution hit a fresh target, but SHIB\u2019s price plunged by 13% on a daily scale.<\/span><\/li>\n<li>Falling burn rates and rising exchange netflows hint at increased selling pressure for the meme coin, raising concerns of further downside despite the recent ecosystem milestones.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SHIB_CB-8.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-391155\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SHIB_CB-8.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SHIB_CB-8.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SHIB_CB-8-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SHIB_CB-8-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SHIB_CB-8-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/04\/SHIB_CB-8-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>SHIB Bleeds Heavily Despite the Latest Achievement<\/h2>\n<p><span data-preserver-spaces=\"true\">The latest data <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.shibariumscan.io\/?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">shows<\/span><\/a><span data-preserver-spaces=\"true\"> that the total number of blocks added to Shiba Inu\u2019s layer-2 scaling solution surpassed the psychological level of 10 million. Not long ago, the<\/span> <span data-preserver-spaces=\"true\">total transactions processed on the protocol <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/1-billion-and-counting-shiba-inus-shibarium-reaches-a-major-milestone\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">exceeded<\/span><\/a><span data-preserver-spaces=\"true\"> one billion.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Shibarium, launched in August 2023, is specifically designed to foster the development of the meme coin by reducing transaction costs, improving speed, and enhancing scalability. As such, some analysts have previously <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/shiba-inu-shib-to-the-moon-but-under-this-crucial-condition-bitcoin-advocate-weighs-in\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">opined<\/span><\/a><span data-preserver-spaces=\"true\"> that its further advancement could positively impact SHIB\u2019s valuation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, the latest milestone could not prevent the valuation from collapsing in the past several hours. The second-largest meme coin crashed to around $0.00001053, its lowest point <\/span><span data-preserver-spaces=\"true\">in<\/span><span data-preserver-spaces=\"true\"> over a year.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The steep decline echoes the widespread crash in the crypto market, which <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/crypto-liquidations-eye-1-billion-amid-market-wide-crash\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">occurred<\/span><\/a><span data-preserver-spaces=\"true\"> as a consequence of the global trade war between the USA and pretty much the rest of the world. Bitcoin (BTC) briefly plunged below $75,000, Ethereum (ETH) nosedived under $1,500, and many other well-known altcoins tanked by double digits in the last 24 hours.\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">More Pain Ahead?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">It remains unclear how the trade war will play out in the near future, but the panic and uncertainty it has caused may have a further negative effect on the cryptocurrency sector.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Shiba Inu\u2019s burning mechanism and the asset\u2019s exchange netflow could also <\/span><span data-preserver-spaces=\"true\">take their toll on<\/span><span data-preserver-spaces=\"true\"> the meme coin in the short term.<\/span> <span data-preserver-spaces=\"true\">The burn rate has <a href=\"https:\/\/x.com\/shibburn\/status\/1908973031092867537\" data-wpel-link=\"external\" target=\"_blank\">dropped<\/a> by almost 85% in the past week, <\/span><span data-preserver-spaces=\"true\">resulting in<\/span><span data-preserver-spaces=\"true\"> just 180 million tokens <\/span><span data-preserver-spaces=\"true\">being destroyed<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The program\u2019s ultimate goal is to reduce SHIB\u2019s circulating supply and make it more valuable via scarcity. Over the past few years, the amount of tokens <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.shibburn.com\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">sent<\/span><\/a><span data-preserver-spaces=\"true\"> to a null address has surpassed 410 trillion. However, those remaining in circulation are approximately 584.3 trillion, which is quite a substantial number.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">For its part, <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptoquant.com\/asset\/shib\/chart\/exchange-flows\/exchange-netflow-total?exchange=spot_exchange&amp;window=DAY&amp;sma=0&amp;ema=0&amp;priceScale=log&amp;metricScale=linear&amp;chartStyle=column\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">SHIB\u2019s exchange <\/span><span data-preserver-spaces=\"true\">netflow<\/span><\/a><span data-preserver-spaces=\"true\"> has been positive on most days during the past week, suggesting a shift from self-custody toward centralized platforms. <\/span><span data-preserver-spaces=\"true\">This<\/span><span data-preserver-spaces=\"true\"> could result in increased selling pressure.\u00a0<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/shibariums-latest-milestone-fails-to-stop-shibs-nosedive-details\/\" rel=\"nofollow\">Shibarium\u2019s Latest Milestone Fails to Stop SHIB\u2019s Nosedive: Details<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR The L2 blockchain solution hit a fresh target, but SHIB\u2019s price plunged by 13% on a daily scale. Falling burn rates and rising exchange netflows hint at increased selling pressure for the meme coin, raising concerns of further downside despite the recent ecosystem milestones. SHIB Bleeds Heavily Despite the Latest Achievement The latest data [&hellip;]<\/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-20921","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\/20921","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=20921"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20921\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20921"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20921"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20921"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}