Shibarium's total value locked (TVL) has surged to $1.86 million, a significant increase from $734,840 earlier this month. This growth is attributed to heightened network activity and increased developer engagement. Additionally, whale accumulation has intensified, with large investors now holding over 105.9 billion SHIB tokens, a substantial rise from 23.7 billion in September. The decline in exchange reserves is also noteworthy, as it reduces selling pressure on the market. While short-term technical indicators remain bearish, the underlying fundamentals indicate a potential for SHIB's price recovery, driven by these positive developments.