Shibarium TVL Plunge: What Lies Ahead For Shiba Inu Price?


Shibarium TVL Plunge: What Lies Ahead For Shiba Inu Price?


The Shibarium network has recently weathered a turbulent month. This rollercoaster ride has had a significant impact on two closely related tokens: SHIB and BONE. Both tokens have been experiencing extreme volatility in the crypto market, with sentiment and data surrounding Shibarium constantly shifting.

One of the key indicators reflecting the network’s recent challenges is the total value locked (TVL). On August 29, the TVL for Shibarium stood at a substantial $1.47 million. However, as of September 20, the TVL has plummeted to $630,012, highlighting a notable decline in liquidity and assets within the network. 

This dip in TVL has raised concerns among investors and observers alike, as it suggests a significant loss of confidence in the ecosystem.

Shibarium TVL. Source: Defillama

Shibarium: Meme Coin Price Consolidates Amidst Market Uncertainty

Amidst the turbulent market conditions, SHIB, the native token of the Shibarium network, has been consolidating in recent days. At the time of writing, SHIB is priced at $0.00000734, as reported by CoinGecko.

While the cryptocurrency has experienced a 0.4% decline in the last 24 hours, it has recorded a modest 1.1% loss over the past seven days. This period of consolidation comes as the crypto market grapples with uncertainty and wavering investor sentiment.

Shiba Inu isn’t the only component of the Shibarium network facing challenges. Large-holder netflows for Shiba Inu, which provide insights into the movements of major investors and whales holding more than 0.1% of the supply, have seen a stark decline in the past seven days. 

According to data from IntoTheBlock, Shiba Inu has witnessed a staggering negative netflow of 756% during this time frame.

Shiba Inu Large-Holder Netflows Paint A Grim Picture

Large-holder netflows are crucial indicators in the crypto market. Spikes in netflows typically indicate accumulation by significant players, while drops suggest reduced positions or selling pressure.

The recent drop in Shiba Inu large-holder netflows aligns with the lackluster trading activity observed in the broader cryptocurrency market since the beginning of September. It signals a growing unease among major investors and hints at a possible loss of faith in Shiba Inu and the Shibarium network as a whole.

The Shibarium network has navigated a month of extreme turbulence, with both SHIB and BONE tokens experiencing high volatility. The decline in TVL, SHIB’s consolidation, and the substantial drop in large-holder netflows for Shiba Inu underscore the uncertainties and challenges that have gripped the Shibarium ecosystem.

As the crypto market remains unpredictable, stakeholders and investors in the Shibarium network will be closely watching for signs of stability and recovery.

Featured image from Blue Manakin



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