Shibarium Transactions Surge 27%, Raising SHIB Price Expectations

Shibarium, the Layer-2 blockchain for Shiba Inu (SHIB), saw a 27% daily increase in transactions between May 1 and May 2, 2025, bringing the total count to 3.1 million. This substantial growth in activity has drawn analyst attention, with some predicting the potential for SHIB’s price to double. There has also been a notable spike in whale activity—rising 228%—and increased account creation on Shibarium. Market sentiment is turning bullish as SHIB approaches a key resistance level, and deflationary pressure from a high token burn rate could further support price strength. Analysts cite potential for bullish continuation, but also advise watching for price corrections as activity remains elevated.