Shiba Inu Price Teeters as Shibarium Nears Massive 270 Million Milestone

Shiba Inu's price hangs in the balance—just as its Layer-2 solution, Shibarium, approaches a staggering 270 million transaction milestone.

The Scaling Breakthrough

Shibarium isn't just another blockchain—it's slashing gas fees, accelerating settlements, and pulling users away from Ethereum's congested base layer. Transaction speeds are up; costs are down. That’s the kind of utility that gets attention—and volume.

The 270 Million Marker

Hitting 270 million transactions isn’t just a number. It’s proof of adoption—a signal that Shibarium isn’t just hype. Developers are building; users are transacting. The network effect is real, and it’s accelerating.

Market Sentiment & Price Action

Traders are watching—closely. Each milestone pumps optimism, but crypto markets have short memories and even shorter patience. One day you’re a hero, the next—you’re another meme coin fighting for relevance. Because let’s be real—in crypto, fundamentals sometimes take a backseat to vibes.

Bottom Line: Momentum or Mirage?

Shibarium’s growth is impressive—no doubt. But in a world where ‘number go up’ is the only theology that matters, real utility still battles against speculative frenzy. Will Shiba Inu evolve beyond the dog meme—or is this just another bull run illusion? Only volume—and time—will tell.

Shiba Inu price is at risk despite Shibarium network growth

Shibarium, the layer-2 network that shiba inu (SHIB) launched in 202, is sending mixed signals. On the positive side, the number of active addresses in the network jumped to 268 million and is slowly approaching the key milestone of 270 million. 

The network handled over 1.08 million transactions in the last 24 hours, bringing the cumulative total to 1.54 billion. 

While these metrics are good, many others paint a picture of a struggling network at a time when layer-2 networks like Base and Arbitrum are booming. For example, Shibarium’s transactions in the last 24 hours totaled 20.08 BONE, equivalent to $3.30.

Another metric shows that Shibarium’s total value locked in decentralized finance has plunged by 12% in the last 30 days to $1.63 million. This makes it one of the smallest players in the layer-2 industry.

Shibarium’s network growth is important for shiba inu price because of the general sentiment. It is also bullish because its fees contribute to the Shiba Inu burn rate.

Shiba Inu price also remains on edge because of the falling whale activity in the network. Nansen data shows that whales now hold 45 billion SHIB tokens, much lower than 97 billion in June. Similarly, smart money investors hold 44.5 billion tokens, much lower than 53 billion in June.

SHIB price technical analysis

The weekly-timeframe chart shows that Shiba Inu price has remained in a tight range this year. This consolidation has formed a symmetrical triangle pattern whose two lines are about to converge.

The triangle happened after it plunged sharply from a high of $0.00003330. As such, this pattern is part of the bearish pennant pattern, which often leads to more downside.

SHIB price has remained below the 50-week and 25-week moving averages. Therefore, there is a risk that the coin will have a strong bearish breakout, potentially to the support at $0.0000069, its lowest level in July this year.