Daily transactions on Shibarium, the Shiba Inu ecosystem’s layer-2 network, doubled in four days, rising from 1,300 on June 10 to 2,600 on June 13, U.Today reported. Transactions increased steadily over that period, suggesting a pickup in network activity. The market remains unconvinced it signals a trend change after repeated spikes since late May that quickly faded.

Optimism about Shiba Inu has resurfaced, with a cryptocurrency analyst saying the token could post strong gains in the next \"dog season\" alongside Dogecoin and Floki. The analyst cited Shiba Inu\'s resilience through bear markets and what was described as market manipulation, as well as its expansion beyond a meme coin. Recent performance has been subdued, and sceptics point to weaker community engagement, Shibarium adoption, token burns and team support concerns.