SHIB traded near $0.0000059 on Oct. 2, up roughly 2% on the day. The more interesting catalyst sits underneath the price action: the official Shibarium explorer now shows more than 612 million indexed transactions and 239 million addresses, although the explorer warns that indexing is still underway and some totals may be incomplete.
That gives SHIB a fundamental growth narrative just as buyers make another attempt at resistance.
SHIB Needs to Turn $0.000006 Into Support
The immediate technical setup remains straightforward.
SHIB has repeatedly struggled around $0.000006–$0.0000061. A sustained close above that range would put the late-September high near $0.00000625 back in play, followed by roughly $0.0000065.
That would represent about 10% upside from current levels.
The setup improves on the recent SHIB recovery from September lows, when the token was still struggling to establish itself above $0.0000057.
Shibarium Growth Does Not Automatically Mean SHIB Demand
There is one important catch.
Shibarium is the Shiba Inu ecosystem’s Ethereum Layer 2, but its native gas token is BONE rather than SHIB, according to official Shiba Inu documentation. That means rising transaction counts do not translate directly into equivalent buying pressure for SHIB.
Still, network expansion can strengthen the wider ecosystem around the token. Shiba Inu says Shibarium supports dApps, DeFi, NFTs and other applications, while its development portal lists more than 1,200 dApps and 24,000 smart contracts.
That gives the latest rally a different backdrop from the recent SHIB move that continued despite collapsing burn activity.
