Shiba Inu Surges 2.829% Amid Bullish Outlook, Despite Bridge Exploit

Shiba Inu's latest price was $0.00001427, up 2.829% in the last 24 hours. Despite the skepticism, market analyst Javon Marks has maintained a bullish outlook, suggesting that the token could experience significant growth. Marks has been targeting $0.000081 for SHIB, which would represent a substantial increase from its current levels. He points to historical data showing that Shiba Inu often consolidates before advancing sharply, and current conditions appear to mirror this pattern. Marks emphasizes that while market sentiment is skeptical, the underlying technical indicators support the possibility of a sustained rally.

On September 13, 2025, Shibarium's bridge was targeted by a sophisticated flash loan exploit, resulting in the loss of approximately $2.8–$3 million. The attackers manipulated validator control via BONE tokens, causing immediate market volatility in BONE, ETH, and SHIB prices. The incident prompted emergency responses and security enhancements from Shibarium's development team. Kaal Dhairya, a Shibarium developer, confirmed the details and stated that immediate precautions were taken to lock affected funds due to unstaking delays. The attack highlights vulnerabilities in bridge protocols and the importance of encryption in validator controls. Experts suggest that improved governance protocols and validator security could mitigate similar risks in the future.

Shiba Inu's ecosystem continues to show signs of growth, with the LEASH V2 migration gaining traction. This migration, built on a fixed ratio model, ensures no new supply is created while leftover tokens can be burned, increasing scarcity. The migration follows a three-phase process, targeting self-custody holders, liquidity providers, and ultimately cross-chain users. Shiba Inu’s roadmap also includes cross-chain expansion, with integration plans for Ethereum, Base, and Solana networks. Additionally, the adoption of Chainlink's CCIP framework enhances interoperability across these networks, boosting Shiba Inu's presence in the broader decentralized ecosystem. Security has been prioritized with an independent audit by Hexens, ensuring that the migration is safe and sound. Moreover, the introduction of features like ERC20Permit and ERC20Burnable in the V2 contract offers more flexibility and reduces maintenance complexity.

Shiba Inu developer Kaal Dhairya recently provided an important update for the Shiba Inu community regarding the Shibarium network. According to Dhairya’s tweet, a minor issue was encountered, but the Shibarium lane powered by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) is expected to be active by Monday. This update could be tied to ShibaSwap’s recent efforts to expand its cross-chain capabilities. ShibaSwap’s multi-chain expansion is poised to strengthen the Shiba Inu ecosystem, opening up new opportunities for traders across several major blockchains. With the latest update, users can now swap tokens across networks such as Ethereum, Polygon, Arbitrum, and Base. This positions ShibaSwap to attract liquidity from some of the most prominent blockchain ecosystems while setting the stage for smoother Shibarium integration. The integration of Chainlink’s CCIP within ShibaSwap will allow for enhanced interoperability between Shiba Inu’s ecosystem and more than 20 blockchains. This move is expected to improve liquidity and provide a more seamless experience for traders.

Meanwhile, the Shiba Inu ecosystem has been rocked by a recent security breach involving the Shibarium bridge. An attacker used a flash loan to purchase a significant amount of 4.6 million BONE tokens. Fortunately, most of the assets, including the BONE tokens, remain locked and frozen, minimizing potential damage. In response, Shiba Inu developers paused the stake/unstake functionality as a precautionary measure, securing funds in multisig cold storage. Security firms, such as Hexens and PeckShield, are currently investigating the incident. According to Dhairya, validator keys are being secured, and further updates will be shared as the investigation unfolds. Despite the breach, the BONE token surprisingly surged by 43%, reaching $0.236 in value within the last 24 hours. These developments highlight the ongoing efforts to secure and enhance the Shiba Inu ecosystem, even amidst setbacks. The community is closely monitoring the situation as the team works to resolve the issue and ensure the platform’s long-term stability.