Shiba

Solana

Bitcoin

Million

Shiba Inu

<div class="watcher-guru">
 <p>Shiba Inu’s (SHIB) Shibarium layer-2 network is witnessing a surge in new accounts. As per the data on Shibariumscan, active Shibarium accounts surged by 55.35%. Moreover, new accounts have surged by around 222%, with as many as 116 new accounts created daily. This has brought the total number of new accounts on Shibarium to a whopping 26,920.</p>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="437" src="https://cdn.thebittimes.com/images/2023/10/12/4e64fe98860c3f2be58879193913a628.webp" alt class="wp-image-115645" srcset="https://cdn.thebittimes.com/images/2023/10/12/4e64fe98860c3f2be58879193913a628.webp 1024w, https://cdn.thebittimes.com/images/2023/10/12/4e64fe98860c3f2be58879193913a628.webp 300w, https://cdn.thebittimes.com/images/2023/10/12/4e64fe98860c3f2be58879193913a628.webp 768w, https://cdn.thebittimes.com/images/2023/10/12/4e64fe98860c3f2be58879193913a628.webp 380w, https://cdn.thebittimes.com/images/2023/10/12/4e64fe98860c3f2be58879193913a628.webp 550w, https://cdn.thebittimes.com/images/2023/10/12/4e64fe98860c3f2be58879193913a628.webp 800w, https://cdn.thebittimes.com/images/2023/10/12/4e64fe98860c3f2be58879193913a628.webp 1078w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Shibariumscan
  </figcaption>
 </figure>
 <p><strong>Also Read: Shiba Inu: Here’s How to Make $10 Million When it Reaches $0.01</strong></p>
 <p>Furthermore, the total number of addresses has surged beyond 1.25 million, while the total number of transactions on the network has exceeded 3.04 million. However, despite the increasing number of people on Shibarium, Shiba Inu’s (SHIB) price has continued to suffer throughout 2023. Since reaching a yearly peak in February, SHIB’s price has fallen by around 53%. Meanwhile, Bitcoin (BTC) has risen by around 60%, and Solana (SOL) has grown by nearly 120%.</p>
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828227"></div>
  </div>
 </div>
 <h3 class="wp-block-heading" id="h-will-shiba-inu-recover-its-losses">Will Shiba Inu recover its losses?</h3>
 <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="802" src="https://cdn.thebittimes.com/images/2023/10/12/57610506dc095be28a62686f8cab254e.webp" alt="shiba inu world" class="wp-image-111677" srcset="https://cdn.thebittimes.com/images/2023/10/12/57610506dc095be28a62686f8cab254e.webp 1024w, https://cdn.thebittimes.com/images/2023/10/12/57610506dc095be28a62686f8cab254e.webp 300w, https://cdn.thebittimes.com/images/2023/10/12/57610506dc095be28a62686f8cab254e.webp 768w, https://cdn.thebittimes.com/images/2023/10/12/57610506dc095be28a62686f8cab254e.webp 380w, https://cdn.thebittimes.com/images/2023/10/12/57610506dc095be28a62686f8cab254e.webp 550w, https://cdn.thebittimes.com/images/2023/10/12/57610506dc095be28a62686f8cab254e.webp 800w, https://cdn.thebittimes.com/images/2023/10/12/57610506dc095be28a62686f8cab254e.webp 1040w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: Twitter
  </figcaption>
 </figure>
 <p>According to CryptoQuant, investors have moved close to 1 trillion SHIB tokens to exchanges. This has significantly increased the selling pressure on investors. The value of 1 trillion SHIB at current rates is about $6.88 million.</p>
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div id="primisContainer" class="add"></div>
 </div>
 <p>Moreover, according to IntoTheBlock, large transactions for SHIB have dropped by 1.65%, which could be read as a bearish development. The platform also notes that the number of SHIB holders in profit has decreased significantly. Currently, 91% of SHIB holders are at a loss, while 8% are in profit. 1% of holders, on the other hand, are even. IntoTheBlock also notes that network growth for Shiba Inu (SHIB) has gone down by 0.21%. Yesterday, however, large transactions had surged. But now the metric has cooled off again.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="559" src="https://cdn.thebittimes.com/images/2023/10/12/3095b4da73abd1aea81bf69d72f6afcb.webp" alt class="wp-image-115646" srcset="https://cdn.thebittimes.com/images/2023/10/12/3095b4da73abd1aea81bf69d72f6afcb.webp 1024w, https://cdn.thebittimes.com/images/2023/10/12/3095b4da73abd1aea81bf69d72f6afcb.webp 300w, https://cdn.thebittimes.com/images/2023/10/12/3095b4da73abd1aea81bf69d72f6afcb.webp 768w, https://cdn.thebittimes.com/images/2023/10/12/3095b4da73abd1aea81bf69d72f6afcb.webp 1536w, https://cdn.thebittimes.com/images/2023/10/12/3095b4da73abd1aea81bf69d72f6afcb.webp 380w, https://cdn.thebittimes.com/images/2023/10/12/3095b4da73abd1aea81bf69d72f6afcb.webp 550w, https://cdn.thebittimes.com/images/2023/10/12/3095b4da73abd1aea81bf69d72f6afcb.webp 800w, https://cdn.thebittimes.com/images/2023/10/12/3095b4da73abd1aea81bf69d72f6afcb.webp 1160w, https://cdn.thebittimes.com/images/2023/10/12/3095b4da73abd1aea81bf69d72f6afcb.webp 1806w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: IntoTheBlock
  </figcaption>
 </figure>
 <p><strong>Also Read: Shiba Inu: Large Transactions Surge by 353%, Will Price Follow?</strong></p>
 <p>The above-mentioned metrics do not paint a positive picture of the popular dog-themed crypto. If things continue the way they are going, SHIB’s price could see another plummet. Although many were hopeful that the Shibarium launch would help boost the asset’s price, things did not go their way.</p>
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;">
  <div class="publift-ad add">
   <div data-fuse="22560828233"></div>
  </div>
 </div>
 <p></p>
</div>
<div class="cs-entry__tags">
 <ul>
  <li>shiba inu</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/shiba-inu-shibarium-new-accounts-surge-by-222-tbt66060.html">https://thebittimes.com/shiba-inu-shibarium-new-accounts-surge-by-222-tbt66060.html</a></p>

Shiba Inu: Shibarium New Accounts Surge by 222%

Table of Contents

TheBitTimes

Other articles published on Oct 11, 2023

Jim Cramer warns ‘Mr. Bitcoin is about to go down big’

How war in Israel will move Bitcoin: analyst explains

FTX court case update as of October 11, 2023

Parsec Secures $4M in Funding with Support from Uniswap and Galaxy for Crypto On-Chain Analytics ...

Will Gala (GALA) & THORChain (RUNE) Top the Week’s Losers List?

SOL Price Analysis: With A Pullback To $22, What’s Next for SOL?

Join our free newsletter for daily crypto updates!