Based on Cryptonewsland, Shiba Inu's layer-2 network Shibarium has seen a 137% surge in total value locked (TVL) over the past seven days, reaching $1.86 million. This growth follows a major setback two months ago when ShibaSwap was exploited. Exchange outflows have also increased, with SHIB balances dropping from 297 trillion in August to 284 trillion. On-chain data shows whale and smart money accumulation, while burn rates have risen. Technical indicators suggest a potential rebound, with key resistance at $0.0000116 and support at $0.0000094.
Shiba Inu Market Update: Shibarium TVL Surges 137%, Price Hints at Potential Rebound
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