by Vincent Muthee
The Shiba Inu (SHIB) ecosystem is facing heavy pressure amid a key metric drop on Shibarium, the network’s layer 2. The general market recession has continued to drain liquidity out of altcoins, with its sentiment remaining generally volatile.
Despite the drop, SHIB holders have remained active. However, traders are keeping an eye on the market as it readjusts following yesterday’s price slump.
Shibarium Transaction Count Falls to 3.49K
According to data by Shibariumscan, Shibarium’s transaction count dropped from 7,620 to 3,490. This drop marks a 54% decline over the last 24 hours. The fall came shortly after the network recorded its highest activity in two weeks on November 13. This dip shows how quickly engagement can shift when the market loses momentum.
Meanwhile, daily transactions have stayed within a narrow range of 1,500 to 4,440 since October 30. This slow trend follows the heavy liquidations that rattled the market in October and again last week.
More than $19 billion vanished during the Oct. 10 crash, and another $1.28 billion disappeared in the most recent pullback. These moves further drained confidence across altcoins and cut into Shibarium’s engagement levels. As a result, SHIB also extended its decline last week and touched a low of $0.00000885 before buyers stepped in.
Nonetheless, the Shibarium crossed a major milestone. The network now holds over 14.1 million total blocks, 1.56 billion total transactions and more than 272 million addresses, showing the chain’s long-term usage remains active even as short-term demand fades.
Shiba Inu Burn Rate Soars 1902%
Recent data by Shibburn – SHB’s burn rate tracker – shows that Shiba Inu recorded a sharp spike in burns. A whooping 4,251,221 SHIB tokens were removed from supply over the last 24 hours, which pushed the daily burn rate up by 1902%.
Over the last seven days, the SHIB community has burned a total of 812,840,391 SHIB. The weekly burn rate jumped 2,405.09%, driven by a heavy increase in community-led burns.
Token burns play a direct role in SHIB’s long-term structure because the project still carries one of the largest token supplies in the market. SHIB token burns reduce the supply, providing a healthier environment during low demand seasons. Over 410 trillion SHIB have been burned since launch demonstrating how regular burns shrink the token’s supply with an aim of boosting price performance.
HOURLY SHIB UPDATE$SHIB Price: $0.00000909 (1hr 0.33% ▲ | 24hr -0.75% ▼ )
Market Cap: $5,355,872,980 (-0.41% ▼)
Total Supply: 589,246,372,057,768TOKENS BURNT
Past hour: 108 (1 transaction)
Past 24Hrs: 4,142,516 (1902.66% ▲)
Past 7 Days: 812,840,172 (2405.06% ▲)— Shibburn (@shibburn) November 15, 2025
Shiba Inu Price Analysis: What’s Next for the Meme Coin?
SHIB is currently trading at $0.00000912 after regaining momentum after dropping to $0.00000885, earlier this week. The bounce indicates that buyers were able to respond swiftly, but the chart still continues to reveal a bearish bias.
The price of Shiba Inu is trading below important EMAs and this limits the upside attempts. These EMAs are now acting as key resistance levels for upward price movement.
For Shiba Inu’s price to regain bullish momentum, a push above $0.00000969, which aligns with the 20-day EMA is required. If SHIB fails to break above this level, the price may drift sideways or slip again if sellers regain control. The market’s recent volatility makes that scenario possible unless volume returns.
#blockchain #crypto, #decentralized, #distributed, #ledger
