Shiba Inu Price Slumps 4.9% Amid Decline of Shibarium Transaction Volume

Shiba Inu's price has been stagnant for weeks, despite gaining 17.0% over the past month.

The coin is currently trading at $0.00000581, which is 4.9% lower than its September 23 high of $0.00000610.

Analysts attribute this slowdown to a combination of factors, including a lack of fresh capital from above and profit-taking from early investors who entered the market in September.

The Shiba Inu ecosystem has also been affected by the decline of its layer 2 blockchain, Shibarium, which processes only around 1,680 transactions per day compared to 4.69 million in August 2025.