Shiba Inu’s Shibarium Struggles As New Accounts Crash To Fresh Lows
The Shibarium network, launched by the Shiba Inu team in August 2023, is facing challenges in maintaining relevance among Ethereum Layer 2 networks. New account creation has dropped below 100 daily, a significant decline from a peak of 5,111 accounts on May 6, 2025. Active accounts have also decreased from over 21,000 to less than 15,000. Daily transactions have fallen to 1.87 million, down from an average of 3 million earlier in the month. Additionally, the number of addresses holding Shiba Inu tokens has decreased from over 1.4 million to 1.39 million, indicating potential investor exits. The price of Shiba Inu is fluctuating between $0.000014 and $0.000017, with concerns that continued sell-offs could push it below the support level of $0.000014.
