{"id":625037,"date":"2024-06-17T19:30:10","date_gmt":"2024-06-17T19:30:10","guid":{"rendered":"https:\/\/wncen.com\/?p=625037"},"modified":"2024-06-17T12:20:08","modified_gmt":"2024-06-17T12:20:08","slug":"shiba-inu-shibarium-surge","status":"publish","type":"post","link":"https:\/\/wncen.com\/shiba-inu\/shiba-inu-shibarium-surge\/","title":{"rendered":"Shiba Inu\u2019s Shibarium Sees Triple-Digit Surge Across Major Metrics, What\u2019s Going On?"},"content":{"rendered":"

Key Shibarium metrics suggest the Shiba Inu ecosystem might be gearing up for a push to the upside. Notably, Shibarium’s transaction data has seen triple-digit percentage jumps in transactions and fees paid in BONE over the past week. This suggests Shiba Inu might be receiving increased attention from traders, a scenario that may result in SHIB <\/span>rebounding at a crucial support level<\/span><\/a> during the course of the week.<\/span><\/p>\n

Shibarium Sees Massive Surge In Activity Over the Weekend<\/h2>\n

According to the <\/span>latest data<\/span><\/a>, transactions on the Shibarium network exploded over the weekend, soaring a whopping 441% on Saturday. Over 13,190 transactions were recorded on Shibarium on Saturday, up from just under 3,500 earlier in the week. The massive surge in activity led to higher fees on the network as it strained under the increased load.<\/span><\/p>\n

Related Reading: Spot Ethereum ETFs Expected To Begin Trading On July 2, Can This Propel ETH To $10,000?<\/a><\/div>\n

Consequently, the average fees paid in BONE on Shibarium transactions jumped 176%. Furthermore, <\/span>data from Shibariumscan<\/span><\/a> indicates that 154 new accounts were created on Sunday, a 1,600% increase from 9 new accounts created on Monday, June 10.\u00a0<\/span><\/p>\n

\"Shiba
Source: X<\/figcaption><\/figure>\n

Interestingly, these numbers are small compared to metrics recorded on Shibarium <\/span>earlier in the year<\/span><\/a>. However, their increases have come during a particularly bearish period for the Shiba Inu community. This is a positive sign for SHIB price, as the increase in transactions increases the amount of gas fees, which in turn increases the number of SHIB tokens to be burned.<\/span><\/p>\n

Current State Of Shiba Inu<\/h2>\n

At the time of writing, SHIB is trading at $0.00002013 and is currently down by 2.21% in the past 24 hours. Notably, SHIB has <\/span>declined for the past seven days<\/span><\/a> amidst a wider market price drop led by Bitcoin. Consequently, SHIB has lost 13.11% of its market cap in the past seven days as traders continue to exit their long positions.<\/span><\/p>\n

SHIB now finds itself trading around the psychological $0.000020 price zone and could even break down further despite Shibarium’s transaction surge over the weekend. According to <\/span>data from IntoTheBlock<\/span><\/a>, only about 3.97 trillion SHIB tokens purchased by 5,270 addresses serve as resistance at this price level. If SHIB fails to defend this support and breaks below, the next key level is at $0.000190, where 4,310 addresses are currently holding 6.21 trillion SHIB tokens.<\/span><\/p>\n

Related Reading: Ethereum: 200,000 ETH Options Expiry Spurs Demand \u2013 How Far Can Price Go?<\/a><\/div>\n

Lucie, Shiba Inu’s <\/span>marketing lead<\/span><\/a>, recently hinted at an airdrop for everyone who bridged to Shibarium in the first year, sparking interest from Shib enthusiasts. Nevertheless, Lucie provided clarification and noted that this is merely an imaginary scenario and does not guarantee anything.<\/span><\/p>\n

\u201cTHIS IS A HYPOTHETICAL QUESTION PROMISING NOTHING. JUST WONDERING,\u201d <\/span>Lucie said on<\/span><\/a> social media platform X.<\/span><\/p>\n

\"Shiba
SHIB price succumbs to bears | Source: SHIBUSDT on Tradingview.com<\/a><\/figcaption><\/figure>\n
\n
Featured image from Coinfomania, chart from Tradingview.com<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Key Shibarium metrics suggest the Shiba Inu ecosystem might be gearing up for a push to the upside. Notably, Shibarium’s transaction data has seen triple-digit percentage jumps in transactions and fees paid in BONE over the past week. This suggests Shiba Inu might be receiving increased attention from traders, a scenario that may result in SHIB rebounding at a crucial support level during the course of the week. Shibarium Sees Massive Surge In Activity Over the Weekend According to the latest data, transactions on the Shibarium network exploded over the weekend, soaring a whopping 441% on Saturday. Over 13,190 transactions were recorded on Shibarium on Saturday, up from just under 3,500 earlier in the week. The massive surge in activity led to higher fees on the network as it strained under the increased load. Related Reading: Spot Ethereum ETFs Expected To Begin Trading On July 2, Can This Propel ETH To $10,000? Consequently, the average fees paid in BONE on Shibarium transactions jumped 176%. Furthermore, data from Shibariumscan indicates that 154 new accounts were created on Sunday, a 1,600% increase from 9 new accounts created on Monday, June 10.\u00a0 Interestingly, these numbers are small compared to metrics recorded on Shibarium earlier in the year. However, their increases have come during a particularly bearish period for the Shiba Inu community. This is a positive sign for SHIB price, as the increase in transactions increases the amount of gas fees, which in turn increases the number of SHIB tokens to be burned. Current State Of Shiba Inu At the time of writing, SHIB is trading at $0.00002013 and is currently down by 2.21% in the past 24 hours. Notably, SHIB has declined for the past seven days amidst a wider market price drop led by Bitcoin. Consequently, SHIB has lost 13.11% of its market cap in the past seven days as traders continue to exit their long positions. SHIB now finds itself trading around the psychological $0.000020 price zone and could even break down further despite Shibarium’s transaction surge over the weekend. According to data from IntoTheBlock, only about 3.97 trillion SHIB tokens purchased by 5,270 addresses serve as resistance at this price level. If SHIB fails to defend this support and breaks below, the next key level is at $0.000190, where 4,310 addresses are currently holding 6.21 trillion SHIB tokens. Related Reading: Ethereum: 200,000 ETH Options Expiry Spurs Demand \u2013 How Far Can Price Go? Lucie, Shiba Inu’s marketing lead, recently hinted at an airdrop for everyone who bridged to Shibarium in the first year, sparking interest from Shib enthusiasts. Nevertheless, Lucie provided clarification and noted that this is merely an imaginary scenario and does not guarantee anything. \u201cTHIS IS A HYPOTHETICAL QUESTION PROMISING NOTHING. JUST WONDERING,\u201d Lucie said on social media platform X. Featured image from Coinfomania, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":625044,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83740],"tags":[83668,89178,84473,83667,89157,86437,87680,89267,89179,84562,84558],"class_list":["post-625037","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-shiba-inu","tag-shib","tag-shib-news","tag-shib-price","tag-shiba-inu","tag-shiba-inu-news","tag-shiba-inu-price","tag-shibarium","tag-shibarium-network","tag-shibarium-news","tag-shibusd","tag-shibusdt"],"acf":[],"yoast_head":"\nShiba Inu\u2019s Shibarium Sees Triple-Digit Surge Across Major Metrics, What\u2019s Going On?<\/title>\n<meta name=\"description\" content=\"Key Shibarium metrics suggest the Shiba Inu ecosystem might be gearing up for a push to the 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Shiba Inu\u2019s Shibarium Sees Triple-Digit Surge Across Major Metrics, What\u2019s Going On?","url":"http:\/\/wncen.com\/shiba-inu\/shiba-inu-shibarium-surge\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/shiba-inu\/shiba-inu-shibarium-surge\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Shibarium-shiba-Inu.jpeg?resize=200%2C183","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Shibarium-shiba-Inu.jpeg?fit=275%2C183"},"articleSection":"Shiba Inu","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["shib","shib news","shib price","shiba inu","shiba inu news","shiba inu price","shibarium","shibarium network","shibarium news","shibusd","shibusdt"],"dateCreated":"2024-06-17T19:30:10Z","datePublished":"2024-06-17T19:30:10Z","dateModified":"2024-06-17T19:30:10Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Shiba Inu\\u2019s Shibarium Sees Triple-Digit Surge Across Major Metrics, What\\u2019s Going On?\",\"url\":\"http:\\\/\\\/wncen.com\\\/shiba-inu\\\/shiba-inu-shibarium-surge\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/shiba-inu\\\/shiba-inu-shibarium-surge\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Shibarium-shiba-Inu.jpeg?resize=200%2C183\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/06\\\/Shibarium-shiba-Inu.jpeg?fit=275%2C183\"},\"articleSection\":\"Shiba Inu\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"shib\",\"shib news\",\"shib price\",\"shiba inu\",\"shiba inu news\",\"shiba inu price\",\"shibarium\",\"shibarium network\",\"shibarium news\",\"shibusd\",\"shibusdt\"],\"dateCreated\":\"2024-06-17T19:30:10Z\",\"datePublished\":\"2024-06-17T19:30:10Z\",\"dateModified\":\"2024-06-17T19:30:10Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/06\/Shibarium-shiba-Inu.jpeg?fit=275%2C183","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/625037"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=625037"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/625037\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/625044"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=625037"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=625037"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=625037"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}