\n<\/p>\n
\n\t\t\t\t\t\t\t\t\tEven with the ongoing progress, SHIB\u2019s price remains under pressure. What\u2019s behind the downturn?\t\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n
Shiba Inu continues to attract new holders, but most investors have joined the ecosystem for more than a year.<\/p>\n
Nonetheless, the meme coin\u2019s price has slipped by double digits since the start of 2026, while stalled activity on Shibarium suggests the downtrend may not be over.<\/p>\n
Earlier today (March 25), the X account Shibarium | SHIB.IO issued<\/a> an important update related to the entire Shiba Inu ecosystem. The team revealed that the total number of addresses holding the meme coin has reached 1,558,200.<\/p>\n Additionally, it reported steady monthly growth of over 8,500 new wallets, noted that 78% of all SHIB holders have hopped on the bandwagon more than a year ago, and that the amount of tokens sitting on exchanges has dropped below 81 trillion.<\/p>\n The last part is particularly important, as it suggests that investors continue to abandon centralized platforms in favor of self-custody, thereby reducing immediate selling pressure. Data from CryptoQuant, though, shows a slightly different story.<\/p>\n According to the analytics company, the figure plunged to a five-year low of around 80.1 trillion on March 9, but since then it has been heading north and currently hovers around 81.2 trillion.<\/p>\n The X account also reminded that approximately 410 trillion SHIB tokens have been burned, thus permanently removed from circulation. It is important to note that in 2021, Vitalik Buterin contributed<\/a> a huge chunk of that figure, while recent burns have been far less impressive. In fact, Shibburn \u2013 an X account dedicated to showing the progress in that field \u2013 hasn\u2019t provided any updates since late February.<\/p>\n The ongoing bear market, the fading hype surrounding the meme coin sector, and other factors have caused Shiba Inu\u2019s price to plummet by roughly 15% since the beginning of 2026.<\/p>\n As of this writing, it trades at approximately $0.000006174 (per CoinGecko\u2019s data), while its market cap hovers around $3.6 billion. SHIB was once undisputedly the second-largest meme coin and even had ambitions to overthrow Dogecoin (DOGE) from the top spot. Nowadays, though, it has strong contenders such as Meme Core (M), whose capitalization has soared past $3.2 billion.<\/p>\n Meanwhile, further weakness from SHIB will not come as a surprise, considering the stalled activity on Shibarium.\u00a0The layer-2 blockchain solution\u00a0suffered<\/a> an exploit last year, which severely damaged investor confidence as daily transactions (once in the millions) plummeted to mere hundreds afterward.<\/span><\/p>\n Shibarium is crucial for Shiba Inu\u2019s ecosystem as it is designed to lower transaction fees, boost speed, and improve scalability. Some prominent industry participants, including the Bitcoin advocate Jeremie Davinci, have argued<\/a> over the years that a potential SHIB rally would heavily depend on Shibarium\u2019s advancement:<\/p>\n \u201cI think Shiba Inu has a lot of utility now that they have Shibarium, and basically, it\u2019s a chain that you can actually run all kinds of applications. However, nobody is using it, and there are no applications for using your tokens on Shibarium yet.\u00a0If they\u00a0get that solved, Shiba Inu will go to the moon.\u201d<\/p>\n<\/blockquote>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\nYou may also like:<\/h3>\n
SHIB Stuggles<\/h2>\n
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\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\n
![<\/a>SHIB Exchange Reserve, Source: CryptoQuant<\/figcaption><\/figure>\nThe X account also reminded that approximately 410 trillion SHIB tokens have been burned, thus permanently removed from circulation. It is important to note that in 2021, Vitalik Buterin contributed<\/a> a huge chunk of that figure, while recent burns have been far less impressive. In fact, Shibburn \u2013 an X account dedicated to showing the progress in that field \u2013 hasn\u2019t provided any updates since late February.<\/p>\nYou may also like:<\/h3>\nSHIB Stuggles<\/h2>\nThe ongoing bear market, the fading hype surrounding the meme coin sector, and other factors have caused Shiba Inu\u2019s price to plummet by roughly 15% since the beginning of 2026.<\/p>\nAs of this writing, it trades at approximately $0.000006174 (per CoinGecko\u2019s data), while its market cap hovers around $3.6 billion. SHIB was once undisputedly the second-largest meme coin and even had ambitions to overthrow Dogecoin (DOGE) from the top spot. Nowadays, though, it has strong contenders such as Meme Core (M), whose capitalization has soared past $3.2 billion.<\/p>\nMeanwhile, further weakness from SHIB will not come as a surprise, considering the stalled activity on Shibarium.\u00a0The layer-2 blockchain solution\u00a0suffered<\/a> an exploit last year, which severely damaged investor confidence as daily transactions (once in the millions) plummeted to mere hundreds afterward.<\/span><\/p>\nShibarium is crucial for Shiba Inu\u2019s ecosystem as it is designed to lower transaction fees, boost speed, and improve scalability. Some prominent industry participants, including the Bitcoin advocate Jeremie Davinci, have argued<\/a> over the years that a potential SHIB rally would heavily depend on Shibarium\u2019s advancement:<\/p>\n\n\u201cI think Shiba Inu has a lot of utility now that they have Shibarium, and basically, it\u2019s a chain that you can actually run all kinds of applications. However, nobody is using it, and there are no applications for using your tokens on Shibarium yet.\u00a0If they\u00a0get that solved, Shiba Inu will go to the moon.\u201d<\/p>\n<\/blockquote>\n\nSPECIAL OFFER (Exclusive)<\/span><\/center>\nBinance Free $600 (CryptoPotato Exclusive): Use this link<\/a> to register a new account and receive $600 exclusive welcome offer on Binance<\/b> (full details<\/a>).<\/p>\nLIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n<\/p><\/div>\n\nSource link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Even with the ongoing progress, SHIB\u2019s price remains under pressure. What\u2019s behind the downturn? Shiba Inu continues…\n","protected":false},"author":2,"featured_media":42472,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-42471","post","type-post","status-publish","format-standard","has-post-thumbnail","category-crypto","cs-entry","cs-video-wrap"],"_links":{"self":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42471"}],"version-history":[{"count":0,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/posts\/42471\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=\/wp\/v2\/media\/42472"}],"wp:attachment":[{"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/financialrush.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2026\/03\/SHIB-Exchange-Reserve.png\"){kind=link}