Shiba Inu has experienced a notable price surge as Shibarium, its layer-2 blockchain, reaches the milestone of one billion transactions.
Shibarium Milestone
The Shibarium layer-2 blockchain from Shiba Inu has surpassed the one billion transaction milestone. Data from ShibariumScan indicate that network activity has been steadily increasing, highlighting the growing adoption and usage within the ecosystem.
Shiba Inu Whale Activity
As Shiba Inu's price has risen, there has been a significant spike in activity among large holders. According to IntoTheBlock data, large transaction volume has surged by 465% in the past 24 hours, amounting to $45.53 million, indicating renewed interest from major investors.
Market Outlook
Despite recent declines, positive sentiment is slowly returning to the market. Shiba Inu is attracting buyers as prices dip, while the broader crypto market shows signs of recovery.
Shibarium's surpassing of the one billion transaction milestone underscores its growing importance to the Shiba Inu ecosystem, drawing attention from both major and minor investors.
