Shiba Inu Down 2%: Can Shibarium's Explosive Growth Fuel A SHIB Rally?

Shiba Inu SHIB/USD is down 2% on the day, but its Layer-2 blockchain, Shibarium, is gaining in momentum with new developments.

Trader Notes: Shiba Inu community figure Shib Knight noted that SHIB is currently mimicking Dogecoin's historical price structure, a pattern that could precede significant upside if history repeats.

Echoing that bullish tone, trader Marcus Corvirus says SHIB "is ready to explode," adding that the current rally is gaining more strength than its February move.

Statistics: According to Shibariumscan, daily transactions climbed from 3.2 million on March 30 to 4.51 million by April 28.

Meanwhile, total wallet addresses have reached 199.3 million, putting Shibarium on the cusp of a massive 200 million milestone, which is a strong indicator of growing adoption.

March also marked a major achievement, with Shibarium crossing $1 billion in total transaction volume, reinforcing its role as one of the most active L2s in the space.

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Data from IntoTheBlock shows large SHIB transaction volume surged by 28.7%, with the number of $100,000 transfers increasing from 86 to 99 in just 24 hours.

Daily active addresses dipped 8.7%, suggesting a shift toward larger holders or institutional activity.

U.Today notes that 533.08 trillion SHIB is held across 133,340 wallets in the $0.000015–$0.000019 price range, with an average entry of $0.000017. This level serves as a critical resistance zone, likely defining SHIB's next major directional move.

Community News: In an X post on April 26, Shiba Inu marketing lead Lucie emphasized the project’s long-term vision: "SHIB is not just a token, it's powered by purpose, by people, and by belief in something better."

She added that the road up is not easy but “we’re not done.”

Shibarium Updates reiterated that SHIB remains among the top ERC-20 tokens by holder count, with over 1.5 million unique wallet addresses backing the project.

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