Disappointing Shiba Inu investors, the me meCustomers are not as good at the moment as compared to a few months ago. At the end of October, SHIB’s share price reached an impressive level high all the time result Huge amount of noise† Since then, the price has already fallen and interest in the project appears to be declining.
This is evidenced, among other things, by the recent volume of SHIB token transactions. In February, only about 257,000 transactions were made. It sounds like a lot at first glance, but this is already the fourth month in a row that SHIB’s transaction volume has continued to decline, according to data from bloxy.info†
In just a few months, SHIB’s transaction volume has fallen by a whopping 81%. This means that activity on the network was only a fifth of what it was a few months ago. The peak was reached in October. At that time, nearly 1,400,000 SHIB transactions were made.
Of course, the price is showing a similar downtrend. since high all the time SHIB’s price fell more than 80% and then rose again. At the time of writing, SHIB’s share price is still under water by 71%.
Interest in Shiba Inu is drying up
Not only is Shiba Inu’s network activity a cause for concern, other signs don’t look particularly positive for Shiba Inu’s immediate future. It also appears that the hype surrounding the meme coin has dried up completely.
in january I already noticed that interest in Shiba Inu was not exactly what it was at the end of 2021. The number of searches for “Buy Shiba Inu” and “Shiba Inu” on Google has disappeared at a rapid pace.
Of course, this is all about the price, which has gone down completely. So it is also possible that Shiba Inu will come back to life if SHIB price starts making some big moves up months later.
“Lifelong zombie fanatic. Hardcore web practitioner. Thinker. Music expert. Unapologetic pop culture scholar.”