SHIB 0.89% Rise in 7 Days Amid Shibarium Security Upgrade

The Shiba Inu (SHIB) token edged higher in the week ending Nov. 2, 2025, with a 0.89% gain to $0.00001021. Over the past month, SHIB climbed 1.69%, but it remains significantly down 51.84% from a year ago. The price movement reflects ongoing interest in the ecosystem, particularly amid developments in the Shibarium layer.

A critical security update to Shibarium, SHIB’s Layer 2 blockchain, is underway, reinforcing the network’s reliability and decentralization. The Shiba Inu team announced a major RPC migration, which will retire the legacy public RPC endpoint within two weeks. Users and developers are being urged to update their configurations to the new access point to ensure continued service. This upgrade aims to eliminate single points of failure and improve the platform’s long-term stability.

The migration follows a security incident in September 2025, during which a compromised validator key temporarily halted the network. The attack involved an attempt to gain control through a 4.6 million BONE delegation, exploiting short-term stake amplification mechanisms. The Plasma Bridge was subsequently restored with new safeguards, including a seven-day withdrawal delay and a blacklisting system for malicious addresses.

The security improvements and decentralization efforts have been seen as positive signals by the SHIB community, which had endured a challenging October. For the first time since its launch, SHIB ended October down 15.9%, with the broader crypto market suffering from heightened volatility and risk aversion. During the flash crash on Oct. 10, SHIB dropped to as low as $0.0000085, amid one of the largest liquidation events in crypto history.

Despite the monthly setback, SHIB’s short-term recovery in November has provided a ray of optimism. Investors are closely watching whether the technical and community-driven upgrades to Shibarium can stabilize and reaccelerate the token’s value.

Backtest Hypothesis

To assess the potential impact of the recent Shibarium security upgrade on SHIB’s price, a backtesting strategy could be designed. For example, using a 10% price drop as a trigger event—defined as the close being at least 10% lower than the previous day’s close—an event-driven model could analyze post-event performance. This approach would test how SHIB historically responded to such market corrections, especially in relation to major technical or security announcements.