Shiba Inu’s Shibarium: How a Dog Went From World Beater to Digital Dodo 🐕💥

by

Shiba Inu‘s Shibarium: How a Dog Went From World Beater to Digital Dodo 🐕💥

Picture this: a shiny new blockchain launched amidst the fanfare of a thousand WhatsApp groups, and just like that, it’s now more deserted than a Starbucks at 3 a.m. Since August 2023, Shibarium has been riding a rollercoaster designed by a particularly indifferent engineer—mostly going downhill. Despite boasting a community large enough to fill a small country (or at least a few villages), it seems nobody’s interested in sticking around for the entire ride. The Ethereum Layer 2 network, which was supposed to be the second coming of blockchain brilliance, is now struggling to stay relevant—probably because everyone’s realized it’s not actually a very good illusion. 🚀✨

New Accounts Dive Faster Than a Swimming Penguin

In an astonishing display of apathy, the number of freshly minted accounts on Shibarium has plummeted below the 100 mark daily. Yes, you read that right—less than 100 new accounts. Back in May, 5,111 were created in a single day (probably by someone who thought ‘new account’ meant ‘new way to waste time’), but now the count is dipping faster than a rock in a pond. According to the magical scrolls of ShibariumScan, in the last few days, fewer than 100 brand-new accounts have graced the network each day—reminiscent of a party where nobody showed up. 🎉🙄

Shiba Inu account decline

This decline isn’t just limited to new accounts; active users have taken a vacation from the platform, dropping from over 21,000 daily to what looks like a number whispered only in nightmares—less than 15,000. The transaction figures? Oh, they’re also shrinking, with Tuesday’s recorded transactions at 1.87 million instead of the earlier 3 million—because who doesn’t love a good decrease for that authentic ‘crisis’ vibe? 🔻

Shiba Inu: From Puppy to Grumpy Old Dog

The trend of declining enthusiasm isn’t limited to numbers; even the coins themselves seem to be heading for a different kind of exit. The total addresses holding Shiba Inu tokens, according to the prophets at IntoTheBlock, have slipped from an impressive 1.4 million to a somewhat less impressive 1.39 million—a decline so tiny it might have been due to a typo, but still, it’s enough to make investors scratch their heads and wonder if this is the digital equivalent of dogecoin in a coma. 🐶💤

Shiba Inu holders decline

Meanwhile, the price of Shiba Inu has become a tightrope walker caught between bears growling and bulls snorting. Its value has been twirling in a minuscule range, as if trying to decide whether to make a break for freedom or just stay at the support level of $0.000014—kind of like a toddler undecided whether to have chocolate or broccoli. If the sell-offs persist, it might go lower than the depths of the Mariana Trench, which is exactly what no one needs. 🚢📉

Shiba Inu price chart

Give your crypto project a voice as unforgettable as Douglas Adams’ wit with Draft Alpha [Learn more](https://pollinations.ai/redirect/draftalpha)

Read More

2025-05-22 12:43