# Shibarium's Grand Promise Falls Flat as SHIB Investors Stay on the Sidelines

> Shiba Inu's layer-2 network Shibarium has burned only slightly more than 1 billion tokens since its August 2023 launch, a far cry from the trillions the community had hoped for. With SHIB stuck at $0.0000054 and the holder count frozen at 1.5 million for 18 months, a near-term comeback looks remote.

**Type:** article · **Category:** Crypto · **Published:** 2026-06-29 · **Source:** TrendKia
**Canonical:** https://trendkia.com/en/crypto/shibarium-ka-danva-khali-gaya-shib-dharakon-ki-snkhya-18-mahine-se-jami-hui-3645 · **Language:** English
**Tags:** Shiba Inu, Shibarium, SHIB token, meme coin, crypto decline, Bitcoin, BlackRock, AI investment

Shiba Inu is trading at $0.0000054, and the dog-themed token has spent close to two years continuously in the red. The layer-2 network Shibarium, once held up as the project's best shot at reversing its fortunes, is now reporting a sharp drop in the number of traders initiating transactions on it.

## A Token-Burn Promise That Never Delivered
At its launch in August 2023, Shibarium was marketed as a mechanism that would systematically burn SHIB tokens, shrink the circulating supply, and theoretically push the price higher. The community broadly expected that trillions of tokens would eventually be sent to the dead wallet. The reality has been far less impressive. From August 2023 through June 2026, the network managed to burn only slightly more than 1 billion tokens, a number that falls strikingly short of what was envisioned. Network activity never built up enough momentum to change the trajectory, and the early community belief that Shibarium would become a major deflationary engine simply did not come to pass.

## Holder Count Frozen for 18 Months
Shibarium's underperformance is not the only pressure on the token. The SHIB holder base has also been going nowhere. For the past 18 months, the total number of wallets holding SHIB has hovered at roughly 1.5 million and has not managed to push above that ceiling. The stagnation makes one thing clear: new and first-time investors are largely absent from the Shiba Inu ecosystem. With no fresh capital entering and investments having dried up, the conditions around the dog-themed token have grown increasingly difficult.

## Can Shiba Inu Stage a Comeback?
A quick turnaround for Shiba Inu looks unlikely right now. Investors have pivoted toward assets and platforms with demonstrable utility, and the broader movement of capital reinforces that shift. Money that was chasing meme currencies a few years ago is now flowing into the artificial intelligence sector instead. BlackRock, a trillion-dollar asset management firm, has flagged concerns that investments in Bitcoin could decline as institutional funds increasingly move toward companies building AI technology.

If a firm of BlackRock's scale begins to see weaker prospects for Bitcoin, outflows from institutional funds could amount to billions of dollars. Under that kind of pressure, Bitcoin could fall well below the $50,000 level. The damage would not be contained to Bitcoin alone: Ethereum, XRP, ADA, and Shiba Inu are among the tokens that could bleed heavily across the charts if such a scenario plays out.

## What this means for you
- **For SHIB investors:** Those holding or considering Shiba Inu face a weak outlook, with falling network activity, a stagnant holder base, and investment interest having largely dried up.
- **For the broader crypto market:** If BlackRock's concerns prove correct and Bitcoin drops well below $50,000, Ethereum, XRP, ADA, and other tokens could face severe losses across the charts as well.

## Questions & Answers

### 1. What is Shibarium and why was it launched?
Shibarium is Shiba Inu's layer-2 network, launched in August 2023. It was marketed as a platform that would burn SHIB tokens and expand the project's utility.

### 2. How many SHIB tokens has Shibarium burned between August 2023 and June 2026?
Shibarium has burned only slightly more than 1 billion SHIB tokens during that period, far short of the trillions the community had anticipated.

### 3. What is SHIB's current price?
SHIB is currently trading at $0.0000054 and has been in a continuous downtrend for close to two years.

### 4. How long has the SHIB holder count been stagnant?
The number of SHIB token holders has been stuck at roughly 1.5 million for the past 18 months and has not broken past that level.

### 5. What is BlackRock's concern about Bitcoin?
BlackRock, a trillion-dollar asset management firm, has raised concerns that investments in Bitcoin could weaken as institutional capital flows toward companies building AI technology.

### 6. What could happen to the crypto market if Bitcoin falls below $50,000?
If Bitcoin drops well below $50,000, Ethereum, XRP, ADA, and Shiba Inu are among the tokens that could face severe losses across the charts.

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