Shiba Inu Price Drops 1.325% Amid 99.8% Decline in Shibarium Transactions

Shiba Inu's latest price was $0.00001217, down 1.325% in the last 24 hours. Shibarium, the Layer-2 network of Shiba Inu, has experienced a significant decline in daily transaction volume, dropping by 99.8%. This decrease is attributed to the overall inactivity in the cryptocurrency market during the latter part of August, as traders and investors have largely remained on the sidelines. Despite this sharp decline, Shibarium's overall statistics, including total transactions, blocks, and addresses, remain robust, indicating the network's operational stability. The network recently celebrated its second anniversary, highlighting its achievements since its launch in August 2023. The platform’s cumulative figures, such as the total transaction count and block count, have shown robust growth over time, indicating that Shibarium still holds a place within the broader Shiba Inu ecosystem, even in challenging market conditions.

In addition to market struggles, Shiba Inu’s development team has been dealing with ongoing issues related to security and fake accounts targeting the community. The Shiba Inu team has issued multiple warnings to its followers, advising caution when interacting with unknown links and stressing the importance of verifying wallet sources. The team also emphasized that any LEASH tokens on Solana or other unofficial tokens outside the Shiba Inu ecosystem should be avoided, as they are not part of the official network. Shiba Inu's community continues to face challenges, but the network’s long-term potential remains apparent, even as short-term market activity remains subdued.

Shiba Inu has grabbed center stage after a massive spike in burn activity. More than 213% growth in one day has reignited excitement across the community. Over 3 million tokens vanished from supply within 24 hours. Since launch, more than 410 trillion tokens have already been destroyed forever. Traders now wonder if this firestorm of burns will spark a dramatic price rally. Analysts suggest that momentum may finally be shifting in favor of the meme coin. Data from Shibburn confirms that token destruction has surged to levels unseen in months. The reduction in supply feels like a slow but steady squeeze, tightening pressure on price. By burning tokens, scarcity increases, and demand often finds stronger footing. This renewed acceleration has lifted confidence among holders who endured months of sideways action. Analyst Kamran Ashgar believes the stage may be set for an expansion unlike anything seen before. The weekly chart paints a clear picture of mounting pressure. The Relative Strength Index currently sits at 45.48, a level that shows neutrality. This reading leaves space for a strong rally without flashing overbought conditions. Meanwhile, the MACD lines appear to flatten, hinting that bearish momentum may be weakening. A bullish crossover could ignite if buying pressure escalates. The market seems to wait on a spark, and burns may provide that trigger. Upside projections vary but create an enticing roadmap. Potential short-term targets include $0.000050 and $0.00015. Further out, optimistic estimates climb to $0.00050. The current surge in burning stands as one of the most bullish signals in months. Every token destroyed narrows supply, tilting the balance in favor of potential price appreciation.

Shiba Inu recently marked a significant technical milestone in August 2025 by forming its first Golden Cross of the year. This key technical indicator, observed by market analysts, typically signals potential long-term bullish momentum. This event coincided with notable shifts in whale behavior towards other assets, highlighting distinct activity within the broader crypto landscape.

Long-term prospects for Shiba Inu are frequently linked to the progress and adoption of its underlying ecosystem. The project's continued development and expanding utility beyond its meme coin origins are considered crucial factors influencing its sustained relevance and potential trajectory in the competitive cryptocurrency market.

Network activity for Shiba Inu demonstrated a significant spike on August 25, 2025. This surge contributed to a substantial industry-wide settlement event, indicating heightened activity and interest surrounding the token during that period.

Technical analysis suggests Shiba Inu could be approaching a pivotal moment. Some analysts observe that the token appears to be coiling within a relatively tight trading range. Concurrently, the formation of specific chart patterns suggests the token might be on the verge of a historic breakout, contingent on validating key resistance levels and broader market catalysts.