{"id":10646,"date":"2025-09-13T15:02:38","date_gmt":"2025-09-13T15:02:38","guid":{"rendered":"https:\/\/bitunikey.com\/news\/shiba-inu-price-eyes-a-20-jump-after-major-shibarium-update\/"},"modified":"2025-09-13T15:02:49","modified_gmt":"2025-09-13T15:02:49","slug":"shiba-inu-price-eyes-a-20-jump-after-major-shibarium-update","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/shiba-inu-price-eyes-a-20-jump-after-major-shibarium-update\/","title":{"rendered":"Shiba Inu price eyes a 20% jump after major Shibarium update"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Shiba Inu price continued its recovery on Saturday, Sep. 13, as the total value locked in Shibarium network rose and as SHIB balances on exchanges retreated.<\/p>\n<p>Shiba Inu (SHIB) rose to $0.000014, its highest point in over a month and 25% above its lowest level this month.\u00a0<\/p>\n<div id=\"cn-block-summary-block_06897d1dc4f67fba1708358eb54993ed\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Shiba Inu price continued rising on Saturday.<\/li>\n<li>Shibarium, its layer-2 network, confirmed it was hacked.<\/li>\n<li>The amount of SHIB tokens on exchanges dropped.\u00a0<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<h2 class=\"wp-block-heading\">Shibarium TVL jumps amid ShibaSwap hacking concerns<\/h2>\n<p>SHIB price rose as <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/chain\/shibarium\" target=\"_blank\" rel=\"nofollow\">DeFi Llama data <\/a>showed that the total value locked in the network jumped after an important update. The TVL jumped by almost 40% in the last 24 hours to $2.28 million. It rose to the highest point since June this year.<\/p>\n<p>The jump occurred after the developers released a new ShibaSwap upgrade designed to enhance its performance in the DeFi industry. It introduced a unified trading module placed on the homepage.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Hey <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ShibArmy?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#ShibArmy<\/a>! \ud83c\udf89 <\/p>\n<p>We just dropped the brand new <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/ShibaSwap?src=hash&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">#ShibaSwap<\/a> UI\/UX and seriously, it\u2019s the fastest and smoothest experience ever. <\/p>\n<p>Loading is lightning quick, swapping or adding\/removing liquidity is super easy, and navigating feels like a breeze. <\/p>\n<p>By the way, there\u2019s a new\u2026<\/p>\n<p>\u2014 Nika (@atul_agrr) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/atul_agrr\/status\/1966562966276632777?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 12, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Shibarium also standardized the process of forming liquidity on the network. Most importantly, it enabled the network to become multi-chain, extending it to other chains like Ethereum, Polygon, and Arbitrum.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Shibarium\u2019s TVL also jumped after an attempted hack on ShibaSwap, the most prominent dApp on the network. In the attack, a hacker used a flash loan to purchase 4.6 million BONE token after accessing validator keys. He then achieved majority validator power and signed a malicious state to drain assets from the bridge.\u00a0<\/p>\n<p>In an update, Shibizen noted that only a small amount of ETH\/SHIB was moved, and the 4.6 million BONE remained locked and frozen. This explains why the BONE token jumped by over 40% on Saturday.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Shibarium Bridge \u2013 Investor Q&amp;A<\/p>\n<p>Was Shibarium hacked?<br \/>No. The protocol itself was not compromised. The issue came from stolen validator keys used to push a fake state.<\/p>\n<p>Were funds lost?<br \/>Only a small amount of ETH\/SHIB was moved. The majority of assets <br \/>\u2014 including 4.6M BONE \u2014\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/5BIuR12R6a\">https:\/\/t.co\/5BIuR12R6a<\/a><\/p>\n<p>\u2014 Shibarium | SHIB.IO (@Shibizens) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Shibizens\/status\/1966765953888198702?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">September 13, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Meanwhile, the amount of Shiba Inu coins on exchanges continued falling. This indicates that investors are not selling. <\/p>\n<p>There are currently over 283 trillion tokens, down from 292 trillion in August.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">SHIB balances on exchanges | Source: Nansen<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Shiba Inu price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"3574\" height=\"2038\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2025\/09\/Shiba-Inu-price-eyes-a-20-jump-after-major-Shibarium.png\" alt=\"shiba inu price\" class=\"wp-image-14415196\"><figcaption class=\"wp-element-caption\">SHIB price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily timeframe shows that the SHIB price has recovered in the past few days, moving from a low of $0.00001170 last week to $0.000015.\u00a0<\/p>\n<p>SHIB remains above the ascending trendline that connects the lowest levels since April this year. It has jumped above the 50-day moving average, while the two lines of the Percentage Price Oscillator have moved above the zero line.\u00a0<\/p>\n<p>Therefore, the coin will likely continue rising as bulls target the key resistance at $0.00001770, which is a 20% increase from the current level.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shiba Inu price continued its recovery on Saturday, Sep. 13, as the total value locked in Shibarium network rose and as SHIB balances on exchanges retreated. Shiba Inu (SHIB) rose&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3153,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-10646","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10646","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=10646"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10646\/revisions"}],"predecessor-version":[{"id":10647,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/10646\/revisions\/10647"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/3153"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=10646"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=10646"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=10646"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}