Shiba Inu stands at $0.00000479 on Friday evening, about 2.1 percent above Thursday's level but down 5.8 percent over seven days (CoinGecko, as of October 30, 11:42 pm). By market capitalisation the token ranks 36th, at $2.82 billion. Another number is also established, one that has nothing to do with the price chart: according to DefiLlama data, Shibarium, the project's own blockchain, held just $41,104 in locked capital on October 30. On December 8, 2024, it was $6,437,163.
Our assessment follows further down: the token has a functioning market, the blockchain beneath it no longer does, and for you this mainly determines how you store Shiba Inu and where you sell it. Anyone who holds Shiba Inu only on a centralised exchange or in their own wallet on Ethereum is not affected. Anyone who has moved tokens across the bridge to Shibarium would do well to check today how much liquidity is actually left on the other side.
Shibarium holds $41,104, two years ago it was $6.44 million
Shibarium is Shiba Inu's sidechain, launched in 2023. The blockchain bundles transactions and settles them against Ethereum to make transfers cheaper th...
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