Shibarium Posts 74% Growth, but SHIB Bulls Still Waiting

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Shiba Inu's layer 2 blockchain, Shibarium , saw a 74% increase in transactions in the last 24 hours while the wider Shiba Inu ecosystem was quiet. According to Shibarium Scan data , Shibarium's daily transaction count surged from 661 on July 21 to 1,151 on July 22, a 74% increase. While the jump is small, it is nevertheless significant as the SHIB price awaits a bullish market catalyst. Advertisement The crypto market is consolidating on Thursday, with the majority of crypto assets, including SHIB, in the red. At the time of writing, SHIB was down 1.54% in the last 24 hours to $0.000004166 and is about to erase weekly gains, up just 0.51% in the last seven days. Shiba Inu is down 23% so far in July, marking negative weekly closes in the month. You Might Also Like Sun, 07/12/2026 - 15:43 Shibarium Activity Crashes 75%: What's Going On With Shiba Inu? By Tomiwabold Olajide HOT Stories Ripple CEO Urges Congress to Pass Clarity Act Hyperliquid (HYPE), Near Protocol (NEAR), Shiba Inu (SHIB) and Dogecoin (DOGE) Price Analysis for July 23: Bulls Reclaim the Steering Wheel The current price action reflects a market catching its breath. After failing to surpass $0.0000043, the path of least resistance for Shiba Inu in the short term appears to be sideways rather than sharply in either direction. Advertisement Market awaits catalyst In a recent analysis, Santiment noted that large cap crypto volumes have been consistently fading since July 2024, with trading activity now sitting near its weakest average levels in two years. You Might Also Like Mon, 04/27/2026 - 14:11 Shibarium Crosses 1 Billion Transactions as User Growth Hits 2026 High By Caroline Amosun According to Santiment, this isn't just boredom, but it reflects a market where many traders have stopped rotating aggressively after repeated sell-offs, weaker spot demand, and lower confidence in altcoin follow-through. Advertisement The decline in interest might be justified given that macro pressure has stayed heavy, risk appetite cautious, and traders less eager to chase. When the crowd avoids aggressive altcoin bets, volumes dry up and then social energy usually follows. For future market values, low volume might have two implications: first, it can make rallies easier to fade when demand is missing. Second, it might lead to a cleaner setup being formed once sellers are exhausted. In this scenario, a modest return of spot buying can move prices faster when liquidity is thin. #Shiba Inu (SHIB) News #Shibarium #SHIB