Shiba Inu Price Drops 5% While Shibarium Hits 1 Billion Transactions— Is It Time to Buy SHIB?

The Shiba Inu price has fallen by almost 5% over the last 24 hours, carrying on with its bearish trend. The widely used Ethereum token has also dropped around 18% over the last week and 13% over the last month. 

The Shibarium network growth has seen a new high, crossing 1 billion transactions since it was launched in August 2023. While the market took a dip, this milestone is a sign of high activity within the Shiba Inu price ecosystem.

Bearish Trend Continues Despite Milestone

The crypto market is extremely volatile. The Shiba Inu is no exception to the volatility. The token’s price currently stands at $0.0000122 following a 4.8% loss. This decline comes in line with a larger market drop. The SHIB token update indicates that the asset has been on a consistent downward trend.

Despite the decline, Shibarium network growth has proved to be resilient, handling more than 1 billion transactions in record time. The Layer 2 solution was designed on Ethereum for increased efficiency, lowering gas costs and boosting speeds of transactions. This milestone positions Shibarium as a rapidly growing blockchain network that competes with conventional networks when it comes to processing speed.

Shiba Inu Trading Activity Surges Amid Market Uncertainty

On April 2, Shibarium network growth had 4.05 million in daily volume, with an average block time of 5 seconds. Also, active addresses engaging in interactions with the network have reached over 194 million, indicating the community’s increased adoption of the ecosystem.

Chart 1 – SHIB INU 24-hour trading price chart, published on TradingView, April 2, 2025.

This followed the SHIB token update that showed the trading volume jumped by almost 20% to $229 million in the last 24 hours. The activity increase, however, was not enough to keep the Shiba Inu price from declining. Analysts are of the opinion that even though the price dropped, the growing interest in Shibarium may be an indicator of future recovery.

At the end of March, Crypto News reported on how Shibarium’s Total Value Locked (TVL) had grown by 24% to $2.5 million. Within the ecosystem, ShibaSwap’s TVL grew by 37%, WoofSwap by 31%, and ChewySwap by 20%. This shows that investors are still making active use of the ecosystem, even as the Shiba Inu price continues to fluctuate.

What’s Next for SHIB? Market Trends & Predictions

Technically, the SHIB token update highlighted the asset nearing a key support level of $0.00001200. If support holds, a possible bounce can happen, and prices can move towards the resistance of $0.00001350. However, another decline below support can lead to sustained losses, with a possible test of the $0.00001150 zone.

The crypto market is unstable, and outside forces such as the actions of Bitcoin and regulatory news also take center stage in determining the future of the Shiba Inu price. Investors will be watching for shifts in sentiment and increasing buying pressure at support levels to watch for potential reversals. 

Final Thoughts: Will Shibarium’s Growth Rescue SHIB?

Although the Shiba Inu struggles in the market, Shibarium network growth provides a positive outlook on the long-term potential for the ecosystem. The all-time high milestone of 1 billion transactions indicates increasing adoption of the Layer 2 network and can facilitate stabilizing the SHIB token update in the long term. Navigating uncertain conditions for the crypto market, traders should give close attention to key support and resistance levels to identify possible opportunities.