Shibarium, the layer-2 scaling solution for Shiba Inu (SHIB), has experienced a significant drop in daily transactions, reaching a new low of 2,800. This decline has sparked concerns within the SHIB community about the ecosystem's momentum. Despite efforts from Shiba Inu's marketing lead, Lucie, to motivate the community, transaction volumes have not rebounded.
As of October 7, SHIB's price has fallen by 3.97%, trading at $0.00001233. However, trading volume has seen a notable increase of 21.35%, reaching $242.14 million, indicating heightened market activity despite the price drop.
Shibarium Daily Transactions Hit New Low, SHIB Price Declines
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