Crypto

Shiba Inu spot net inflows jump 200 percent, but how big is the amount?

Shiba Inu’s short-term spot fund flows rose by about 200 percent, but analysts say the market impact is limited. Recent 1-hour spot net inflows were about $35,000, a small amount for an asset with a market value of about $2.93 billion. Spot volume remained weak versus futures, and prices stayed below key moving averages. Traders are watching support at $0.00000474 and resistance at $0.00000527.

Crypto

Shibarium daily transaction count drops despite expanded development

Shibarium, the Shiba Inu layer 2 network, recorded 659 transactions in the past 24 hours, the lowest level in about a month, according to ShibariumScan data cited by U.Today. Activity has fallen sharply from earlier in October. Development updates continued, including CreateX deployment, Safe v1.4.1 contracts and full activation of x402. ShibariumScan also warned some figures may be inaccurate due to ongoing block indexing. SHIB holders rose by 2,495 since October, while SHIB fell 2.98 percent in 24 hours and 10.13 percent over a week.