In what is certainly a remarkable development for the ecosystem, Shiba Inu (SHIB) layer-2 blockchain network Shibarium has seen its new accounts surge 621% over the last 24 hours alone. Indeed, Shibairumscan shows that the new accounts on the platform grew from 33 to more than 200 in just one day.
In total, Shibaium features more than 63,000 total accounts on the Layer 2 platform. Moreover, that increase in the network has coincided with a rather important increase in the overall price of the asset. Currently, the price is up more than 3% over the last 24 hours according to CoinMarketCap.
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Shibarium Sees Massive New Account Surge as SHIB Price Responds
The digital asset market has long seen meme coins be embraced by the overall community. However, many cryptocurrency investors have voiced their concern with the volatility and lack of utility that many of these assets implore. However, that has changed for one of the most prominent meme coins. Moreover, recent events have shown it is starting to make waves in 2024.
Shiba Inu (SHIB) has seen its layer-2 blockchain network experience a surge in new accounts, with the figure increasing 621% over the last 24 hours. Indeed, the total number of new accounts over that period exceeded 200 to propel the all-time total to well beyond the 63,000 mark.
Also Read: Shiba Inu: How Many Coins You Need To Make $3 Million if It Hits $0.01
For the last several weeks, Shiba Inu has seen a lack of volatile price performance due to the rather quiet trading. However, with an increase above the $0.000009 mark, and a more than 3% surge, the question regarding its sustainability is all that persists.
2024 has not been a breakout year for any individual digital asset. Therefore, fluctuations in the market are necessary to be observed by SHIB investors. Massive developments for Shibarium should continue to positively impact the asset. Especially as many still hold out hope for its role in the token’s continued ascension.