Shiba Inu’s Shibarium recently suffered a major setback following a massive crash in active accounts on the layer-2 network. This development undoubtedly presents a bearish outlook for Shiba Inu, considering Shibarium’s impact on the meme coin’s price. Related Reading: Here’s What’s Going On With The Shiba Inu Price The Shiba Inu Shibarium Records 97.6% Crash In Daily Active Accounts Data from Shibariumscan shows that the layer-2 network suffered a 97.6% crash in its daily active accounts between August 20 and 22. Daily active accounts on Shibarium peaked at 2,955 on August 20. However, this figure significantly declined on August 21, dropping to 341, and further tumbled on August 22, dropping to 309. These daily active accounts refer to the number of wallet addresses transacting on the network on a particular day. The spike in daily active accounts on August 20 coincides with the surge in daily transactions on that same day, with 28,680 transactions processed on that day. It is worth mentioning that network activity on Shibarium had been on a downtrend before August 20. The number of daily active accounts on Shibarium in the last t ..
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