In accordance with Cryptonewsland, Shibarium’s total value locked (TVL) has surged to $1.86 million, up from $734,840 this month, driven by rising network activity and developer engagement. Whale accumulation has also increased, with large investors now holding over 105.9 billion SHIB tokens, up from 23.7 billion in September. Exchange reserves are declining, reducing selling pressure. Despite short-term bearish technical indicators, the fundamentals suggest potential for a price recovery.
Shibarium TVL Surges to $1.86M as Whale Accumulation and Burns Signal SHIB Recovery Potential
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