Shibarium, Shiba Inu’s Layer-2 chain, just watched its Total Value Locked (TVL) crater 36% in 24 hours to $477,849. Even with that capital exodus, SHIB is actually up 0.79% to $0.000008719, and trading volume is up 76%. The divergence is classic crypto: liquidity taps get turned off, but price still flirts with green candles. It’s the kind of split personality that makes degens refresh explorers like it’s a slot machine.
The TVL drop might be less panic than paperwork. Shibarium is reportedly resetting after a security upgrade, which can temporarily nuke metrics while the backend gets its act together. The long game, meanwhile, is privacy: a partnership with Zama aims to bring confidential smart contracts to the chain by mid-2026. Think of it as installing frosted glass in the DeFi fishbowl—transparency with a little discretion.
On the burn front, SHIB is playing with fire—literally. The token’s burn rate surged over 1,000%, torching more than 1.4 million tokens and trimming the circulating supply. Whales aren’t waiting around for a clearance sale; on-chain data shows their balances and average transaction sizes ticking up. Nothing says “discount season” like big wallets scooping while retail checks the couch cushions.
From a chart perspective, SHIB has carved out a falling wedge and is now retesting the breakout level. The RSI is pointing north, and the Crypto Fear & Greed Index is off life support. If momentum holds, analysts are eyeing a run at the $0.00001485 resistance—though a slip back below December’s $0.0000068 low would be a buzzkill. In other words, the setup is promising, but the market still has veto power.
