Is Shibarium's latest update good news for ShibaInu?
revealed that daily transactions have gained upward momentum since May 2023. At press time, the number of daily transactions was 491,994. The number of wallet addresses stood at 16,723,362. Additionally, there have been 1,236,598 blocks created, with an average block time of 5 seconds.SHIB continued to face heat as its price chart remained red. According to, SHIB’s price was down by more than 4% in the last 24 hours. At press time, SHIB was trading at $0.
However, Shibarium’s achievement was not enough to change market sentiment aroundThe memecoin’s social volume dipped sharply, which represents a decline in its popularity. Negative sentiment around SHIB increased over the last seven days, as evident from the dip in the token’s weighted sentiment.SHIB’s price action also affected its popularity among whales. As per, SHIB was the most traded token among the top 100 ETH whales in the last 24 hours.
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