Shiba Inu’s Shibarium Crashes: Is SHIB Price Doomed? 🐕💸

Oh, joy! The Shiba Inu’s layer-2 network, Shibarium, has taken a tumble so dramatic, it’s probably wondering if it’s been hit by a rogue squirrel with a grudge. Daily transactions? A mere 624,140 on August 25-down from 4 million, because apparently, the blockchain world’s been hit by a case of the “I’m not interested” blues. 🐺

Meanwhile, the Shiba Inu team, ever the diligent caretakers of their digital realm, uses fees to burn SHIB tokens. But with transactions plummeting like a poorly tied balloon, the burn rate has dropped 87%-a veritable feast for the token’s critics. Yet, in a twist of irony, the burn rate spiked 500% in 24 hours, as if the network suddenly remembered it had a job to do. 🕵️‍♂️

Crypto analyst Javon Marks, who clearly has a flair for the dramatic, claims the SHIB price is poised for a “substantial surge” based on an Inverse Head and Shoulders pattern. Because nothing says “confidence” like a chart that looks like a confused camel. If he’s right, SHIB could rocket to $0.000081-though it’s currently trading at a measly $0.00001253. A journey of a thousand miles begins with a single… well, a single drop in transactions. 🚀

So, is SHIB doomed? Or is this just the blockchain equivalent of a bad hair day? One can only hope the Shiba Inu team has a backup plan that doesn’t involve a spreadsheet and a prayer. 🐕✨

Read More

2025-08-27 19:09