The post Shiba Inu Network Activity Rebounds After Sharp April 11 Decline appeared on BitcoinEthereumNews.com. The Shiba Inu blockchain network is showing signsThe post Shiba Inu Network Activity Rebounds After Sharp April 11 Decline appeared on BitcoinEthereumNews.com. The Shiba Inu blockchain network is showing signs

Shiba Inu Network Activity Rebounds After Sharp April 11 Decline

For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com

The Shiba Inu blockchain network is showing signs of recovery. Active address counts have climbed back following a steep single-day drop that coincided with broader crypto market turbulence on April 11. On-chain data from CryptoQuant shows the metric falling nearly a third within 24 hours before staging a multi-day recovery.

The rebound signals renewed user interest in the leading meme token. However, SHIB’s price has briefly turned negative in the short term, reflecting the cautious sentiment that still lingers across digital assets markets.

A Sharp Drop in Network Participation

Active addresses on the Shiba Inu network fell sharply in the middle of last week. The count dropped from a weekly peak of 2,568 to 1,707 in a single 24-hour window, a decline of approximately 33%.

The pullback reflected the wider market environment at the time. April 11 was a volatile session across crypto markets, with uncertainty driving many retail participants to the sidelines. When traders reduce activity, on-chain metrics such as active address counts tend to mirror that pullback quickly.

The speed of the drop was notable. A one-third contraction in network participation within a single day suggests that SHIB’s user base remains sensitive to market conditions. This is a characteristic common to meme-category tokens, where speculative activity drives a significant portion of on-chain engagement.

Recovery Gains Momentum Over Four Days

Since the April 11 low, active addresses on the Shiba Inu network have trended upward. As of April 15, the count stands at 1,986, a recovery of approximately 16.82% from the trough recorded just four days earlier.

The rebound has tracked a broader shift in crypto market sentiment. Investor outlook has turned increasingly bullish in recent sessions, with several major assets staging notable price recoveries. SHIB itself reclaimed a prior price level during this period, posting meaningful daily gains that appear to have drawn participants back to the network.

The token is trading at $0.000005959 at the time of writing, reflecting a surge of 2.36% over the past 24 hours. 

Source: https://coinpaper.com/16282/shib-price-outlook-improves-as-active-addresses-stage-four-day-recovery

Market Opportunity
SHIBAINU Logo
SHIBAINU Price(SHIB)
$0.000005958
$0.000005958$0.000005958
+1.20%
USD
SHIBAINU (SHIB) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact crypto.news@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Will Pi Network price recover to $0.20 as bearish MACD momentum exhausts at the support floor?

Will Pi Network price recover to $0.20 as bearish MACD momentum exhausts at the support floor?

Pi Network price is trading at $0.1672 on April 15, with the daily MACD histogram printing at exactly 0.0000 for the first time since the February all-time low,
Share
Crypto.news2026/04/16 07:30
Chainlink Whale Activity Rises While Price Bleeds for 7 Straight Months

Chainlink Whale Activity Rises While Price Bleeds for 7 Straight Months

The post Chainlink Whale Activity Rises While Price Bleeds for 7 Straight Months appeared on BitcoinEthereumNews.com. Chainlink (LINK) is seeing an increase in
Share
BitcoinEthereumNews2026/04/02 18:51
Taiko adopts Chainlink oracles to power market data

Taiko adopts Chainlink oracles to power market data

The post Taiko adopts Chainlink oracles to power market data appeared on BitcoinEthereumNews.com. Ethereum Layer 2 project Taiko has named Chainlink Data Streams as its official oracle infrastructure, introducing sub-second, tamper-proof market data across its rollup network. The integration, announced Wednesday, is designed to accelerate DeFi application development on Taiko’s based rollup architecture, which relies on Ethereum validators for transaction sequencing and censorship resistance. Chainlink oracles, which have already secured more than $100 billion in decentralized finance (DeFi) activity, have facilitated over $25 trillion in transaction value. By embedding Chainlink’s infrastructure into its ecosystem, Taiko aims to give developers access to liquidity-weighted bid-ask spreads, flexible reporting schemas, and institutional-grade market data. The integration also allows macroeconomic data, including figures from the US Department of Commerce, to be posted onchain. Taiko Chief Operating Officer Joaquin Mendes said adopting Chainlink ensures the network has “secure, high-fidelity market data” that can support advanced financial products such as lending protocols and derivatives platforms.  Mendes emphasized the project’s alignment with Ethereum’s decentralization ethos and its ambition to attract institutional capital. Chainlink Labs’ Chief Business Officer Johann Eid said the partnership positions Taiko to “unlock significant DeFi innovation” while providing institutions with reliable infrastructure. Beyond DeFi, the collaboration is framed as a step toward enabling tokenized real-world assets and enterprise smart contract applications. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/taiko-adopts-chainlink-oracles
Share
BitcoinEthereumNews2025/09/18 01:13

USD1 Genesis: 0 Fees + 12% APR

USD1 Genesis: 0 Fees + 12% APRUSD1 Genesis: 0 Fees + 12% APR

New users: stake for up to 600% APR. Limited time!