How Much Did Shiba Inu Pump After the Shibarium Announcement?

Shiba Inu's Shibarium hit a fresh target, signaling strong user engagement. Many investors were keen to know, how much did Shiba Inu pump after the Shibarium announcement? The answer is complex, involving initial spikes and subsequent retracement.

Initial Pump and Retracement: After the announcement, SHIB rose by as much as 11% on the day, from $0. to $0. by 6:15 am ET. The coin quickly retraced much of its gains, however, retreating. Prior to this Shibarium development, Shiba Inu's price jumped dramatically after the announcement of the Shibarium Public Beta TestNet launch, going from trading at $0. to quickly deleting a zero in the indices and...

Specific Price Movements: SHIB climbed by. This initial surge fueled speculation that Shiba Inu would reach its all-time high of $0. on. The pump would have Shiba Inu dubbed the ‘Dogecoin Killer’ after it almost toppled Doge.

Current Status: Shiba Inu price was trading at $0. on Tuesday, much lower than this month’s high of $0.. SHIB has finally rebounded, charting a 4% rise on a 24-hour scale.

Shibarium's Significance: Shibarium, the layer 2 network it launched earlier this year, aims to improve transaction speeds and lower costs within the Shiba Inu ecosystem.

How’s SHIB Doing? TL;DR

While Shibarium's announcement caused an initial price surge (up to 11%), those gains were quickly retraced. The market's reaction was volatile, but the long-term impact of Shibarium on SHIB's price remains to be seen.