Shiba Inu dips as Shibarium breaks through 1b in transaction volume for the first time
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Shiba Inu's cryptocurrency ecosystem experienced a significant milestone with Shibarium processing over 1 billion transactions, while simultaneously experiencing a price decline of 4.8% in the past 24 hours. The layer 2 solution network achieved this milestone in just two years, compared to Bitcoin's 15-year journey. Trading volume increased by 20% to $229 million, and the ecosystem now has over 194 million addresses.
April 02, 2025 | 9:00 am
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Despite reaching 1 billion transactions, Shiba Inu's price continues to decline, dropping 4.8% in 24 hours and 18% over the past week.
While Shibarium's transaction volume milestone is significant, it has not immediately translated to price appreciation for SHIB. The continued downward price trend suggests market sentiment remains bearish.
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IMPORTANCE 85
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