Shibarium, the blockchain behind Shiba Inu, saw its locked capital fall sharply from $157,958 to $50,639 in one day due to a single liquidity position withdrawal, not widespread user exit. Despite this 68% drop, SHIB's price increased by 2.4%, indicating that price movements are driven more by market sentiment than actual chain activity. The chain's stable base capital and rising transaction numbers suggest ongoing usage, but the total locked value remains very low compared to SHIB's market cap. This disconnect warns against price forecasts based solely on Shibarium's adoption or capital locked metrics.
Shiba Inu's Shibarium TVL dropped 68% in one day, falling from $157,958 to $50,639 due to a single liquidity withdrawal. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 10, 2026 22:21 WIB: out of 50 major cryptocurrencies tradable on Pluang, 41 rose and 8 fell today. Notable movers include THETA at Rp4.133 (+6.16%, 0% Sell / 100% Buy), MANA at Rp1.725 (+5.18%, 89% Sell / 11% Buy), and SNX at Rp4.343 (+4.95%, 48% Sell / 52% Buy).
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