Shibarium Bridge Flash Loan Attack Details 

On September 14, the Shibarium cross-chain bridge became the target of a sophisticated flash loan attack. The hacker borrowed 4.6 million BONE tokens and gained control of 10 out of 12 validator signing keys, achieving a two-thirds majority. Using this power, the attacker attempted to withdraw approximately 224.57 ETH and 92.6 billion SHIB. 

Shiba Inu developers acted quickly to suspend staking and unstaking functions, locking the BONE tokens and removing majority control from the attacker. In addition, the hacker held about $700,000 worth of KNINE tokens from the K9 Finance DAO project. The K9 Finance DAO denylisted the attacker’s address to prevent KNINE token liquidation. LEASH, ROAR, TREAT, BAD, and SHIFU coins were also affected but have not been moved or sold. 

UPDATE 13/09/25

What we know so far about the recent incident

How the exploit was executed:

• The attacker used funds from the bridge hack in the same block as the attack to acquire 4.6M BONE to temporarily gain validator voting power, attempting to do it in one… https://t.co/4Ft1VMxeBv

— Shib (@Shibtoken) September 13, 2025

Developer Actions and Security Measures 

The Shiba Inu team secured investor funds by transferring them from proxy contracts to a multisig cold storage wallet. They collaborated with security firms Hexens, Seal911, and PeckShield to conduct a thorough investigation. The developers confirmed that the 4.6 million BONE tokens remain locked, and all validator assets are secure. They continue monitoring and freezing attacker-linked funds while preparing a full incident report. 

Market Impact and Token Performance 

Despite the attack, BONE token surged by 40% while SHIB gained over 8%. These movements reflect investor confidence following the team’s rapid intervention. The Shibarium attack highlights DeFi ecosystem risks, but Shiba Inu’s swift measures ensured all funds stayed safe. 

 You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Shibarium Shiba Bridge Hit by $2.3M Flash Loan Attack! appeared first on Coin Engineer.

Why Is Shiba Inu’s Price So Volatile?

• Token Burn Mechanism
  Thanks to the second-layer infrastructure called Shibarium, the burn topic has become even more critical. Some sources report that burn rates have reached hundreds of thousands to millions of Shiba Inu daily, and even a 1.581% increase has led to the removal of nearly 100 million SHIB tokens from circulation. This deflationary strategy has the potential to support token value by reducing supply, while also triggering speculative movements in the short term.

• Shibarium Expansion and Ecosystem Usage
  With Shibarium beginning to integrate more dApps, staking, and NFT ecosystems, hopes are rising for real-world utility scenarios. If adoption increases, the token could evolve from being just a memecoin to a practical cryptocurrency product.

• Market Sentiment & Whale Movements
  Analysts are also closely monitoring the speculative positions of large investors (whales) in SHIB. At times, high-volume transactions can create both strong demand and price pressure. These factors are among the key elements that could influence SHIB’s direction in the short term.

This article may also interest you: Will Justin Sun Sell 60,000 ETH?

Analysts’ 2025 Price Predictions

• Conservative estimates generally suggest a range between $0.00001 and $0.000035. Some analyses indicate that prices could remain stuck within this band throughout the year.

• Moderate-to-high projections point to a peak between $0.00003 and $0.000045. For example, the InvestingHaven model presents a minimum of $0.0000101 and a maximum of $0.0000455.

• More ambitious approaches ($0.00005 and beyond) are based on SHIB’s potential market value, the effectiveness of the burn strategy, and possible bull market scenarios. Platforms like StealthEX are evaluating targets between $0.00005 and $0.001.

• Especially Changelly forecasts that SHIB could reach around $0.000059 by mid-2025, while ChatGPT based on CoinMarketCap data considers the possibility of hitting $0.0001.

In summary:

• Min: ~$0.00001

• Average/conservative: $0.000012–$0.00003

• Aggressive target: $0.00004–$0.00006

• Highly ambitious but possible in the long term: $0.0001+

Visit Coinmuhendisi.com for all the latest content and in-depth news. Don’t forget to follow us on Google News!

The post How Many Shiba Inus Can Increase by the End of 2025? appeared first on Coin Engineer.

Shibarium’s TVL Growth and Shiba Price 

If Shibarium captures 10% of Ethereum’s $90 billion TVL, its TVL could hit $9 billion—a 2,000-fold increase. Experts deem this challenging, but such growth could push SHIB’s price to $0.0001–$0.00075, driven by increased token burns reducing supply. SHIB’s weekly chart shows bullish signals: a rounding bottom formed, breaking the $0.000016 neckline. A weekly close above this could trigger a 55% rally to $0.000024, matching the pattern’s height. 

Weekly RSI crossed above 50 for the first time since mid-January, signaling growing bullish strength. The Awesome Oscillator (AO) bars may turn green from red, confirming weakening bears and rising bullish momentum. 

Shibarium’s Long-Term Impact on Shiba Price 

Shibarium offers faster transactions and lower fees, burning Shiba with each transaction. This reduces the 589 trillion circulating supply, supporting price growth. Experts suggest sustainable Shibarium growth could drive SHIB to $0.0001, though capturing 10% of Ethereum’s TVL requires mass adoption. Solana’s $11 billion TVL is nearby, yet network growth continues to positively impact SHIB’s price. 

Shibarium’s TVL growth is a key catalyst for SHIB’s price. While capturing 10% of Ethereum’s TVL is ambitious, increased adoption could push SHIB to $0.0001. Technical analysis supports a $0.000024 target, with RSI and AO confirming bullish strength. Shiba is evolving beyond a meme coin, building a robust ecosystem. 

****NOT INVESTMENT ADVICE*** 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post Can Shibarium’s TVL Growth Boost SHIB Price?  appeared first on Coin Engineer.

Shiba Inu’s burn rate has significantly reduced the supply. 

• 284 million SHIB tokens have been eliminated. 

• SHIB price hasn’t shown much change in the short term. 

• Long-term market sentiment remains positive. 

• Investors are expecting a price increase in the future. 

Shiba Inu’s Token Burn Rate Soars

Shiba Inu’s token burn rate has increased by 7,240% in the last 24 hours. A large portion of the burns was carried out by an unknown wallet. This wallet sent about 1 billion SHIB tokens directly to a dead wallet. During the same process, other wallets also contributed to the burn, sending 100 million more tokens. SHIB’s price is currently trading around the $0.000013 price level. 

READ: Circle Has Rejected Ripple’s $5 Billion Purchase Offer! 

Shiba Inu Supply is Decreasing, Eyes Are on the Price 

Shiba Inu’s total supply has dropped from 999 trillion in 2020 to below 589 trillion today. In other words, 41% of the total supply has been burned. This reduction increases the scarcity of SHIB in circulation. However, despite these developments, the price has not significantly increased. SHIB has decreased by 8.3% in the past week and fell to the $0.0000186 level. SHIB’s supply, which was at 999 trillion in 2020, is now at 589 trillion. As more projects and developers integrate Shiba Inu into their platforms, the ecosystem’s value and stability are expected to strengthen over time.

In the Shiba Inu ecosystem, it’s not only individual wallets that are contributing to the burn, but projects are also supporting the process. Projects like SquidGrow are directly burning SHIB tokens, expanding the burn process. The development team is also implementing Shibarium, a layer-2 solution that makes the network faster and cheaper. This infrastructure contributes more burns with each transaction. However, according to the data, only 584.41 tokens remain in circulation. 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates. 

The post Shiba Inu Burns 284M Tokens in 24 Hours: Major Shift in SHIB Ecosystem! appeared first on Coin Engineer.

DaVinci advised speculators, investors, and the Shibarium community that the token—named for an actual token still under development by the Shibarium team—has not been formally introduced. DaVinci made it clear that formal development on Shibarium had nothing bearing on any TREAT listings.

The creator of Shibarium clarified that in order to give their bogus token credibility, the hostile actors also used the official Shib.io address in their public posts.

“This token is not affiliated with Shiba Inu nor their upcoming privacy-focused Layer 3 blockchain,” a warning for the TREAT token currently shows on CoinGecko. Please DYOR before token trading.

Beware of Phony TREAT Tokens

Along with Shiba Inu BONE, LEASH, and the SHI stablecoin, the real TREAT token is one of five tokens that comprise the Shibarium ecosystem. It has not yet launched.

Though it will also be used to balance the SHI stablecoin, which is equally currently under construction, TREAT is primarily a reward token used to issue rewards from the Shiba Lands metaverse and the Shiba Eternity card game.

The planned privacy layer of Shibarium will also be powered by the TREAT token, therefore enabling further on-chain anonymity once the privacy layer becomes live.

While BONE is the token most used for utility purposes like paying gas fees on the network and the administration of the ShibaSwap platform, a Uniswap-type decentralized exchange and a necessary component of the Shibarium ecosystem, SHIB is Shibarium’s native token.

Currently selling around $442, LEASH gives holders preference in land purchases and onboarding for Shibarium’s future metaverse. The low supply of LEASH tokens relative to other tokens in the ecosystem, such as SHIB, which has trillions of circulating tokens, adds to the token’s premium.

By comparison, with a little over half of the total supply in circulation, SHIB is not even worth a penny at the time of writing. Its total supply amounts to 999,982,506,876. LEASH has 107,647 tokens, practically all of which are already in use, as its maximum supply.

The post Warning Issued for Fake TREAT Tokens on Shibarium appeared first on Coin Engineer.

It was announced that Bone ShibaSwap token investors will be able to transfer their BONE assets in a record time of 45 minutes. This marks a significant step that reflects Shibarium’s approach to technological advancement. On the other hand, it also reflects the simplified transaction process.

According to data provided by the Shiba Inu development team working at TheShibDaily, users were faced with a seven-day waiting period to transfer their BONE tokens from Shibarium to the Ethereum network. During the week-long waiting period, BONE tokens would also bring a locking period aimed at extending the time for users to interact with the Layer-2 (L2) solution Shibarium.

This desired interaction period was considered a potential supporting force for the Bone ShibaSwap price.

The development could also be considered a bullish supporter on the Bone ShibaSwap price side, and it pointed to a strategic change in a period where interaction time was used to make an impact on the price.

Instead, the network prioritizes user experience, network efficiency, and ecosystem stability as potential market value factors for BONE.

Lucie Sasnikova, a well-known name who works as a Shibarium and Shiba ecosystem technology and marketing specialist, made a statement via X (formerly Twitter) to clarify this situation.

From now on, ecosystem participants will enjoy smoother processes for the comfort of community members and network residents.

The dominance of Shibarium L2 is also preparing to benefit from this rise among Decentralized Finance (DeFi) protocols.

According to data provided by DefiLlama, the Total Locked Value (TVL) seen on the Shibarium side increased by 17% in a five-day period, rising from $2.11 million on May 24 to $2.47 million as of the time of writing.

BONE Token Transfers

The Shibarium development team also states that this situation, when viewed in the context of the new system, will serve as a checkpoint for all BONE token exits from the Shibarium ecosystem. Under the new system:

BONE holders will be able to manage their assets more quickly.

Project developers can develop complex and urgent applications on the L2 chain.

According to the information obtained, this development will only apply to existing transfers. In other words, to interpret it more clearly, tokens that entered processing before the upgrade will continue to be subject to a seven-day wait. The BONE price continues to trade at $0.6926 after a 1.6% drop in the last 24 hours.

The post Shiba Inu Sees Historic Development! Eyes Turn to Shibarium, Down from 7 Days to 45 Minutes! appeared first on Coin Engineer.

Concurrent with this surge in transaction volume, network fees have also sharply climbed. Over the same period, the BONE token used to pay these fees increased from 16.68 BONE to 32 BONE.

According to Shibarium’s transaction paradigm, BONE are used for transaction fees; some of these tokens are turned into SHIB, which are subsequently destroyed. This burning procedure reduces the Shiba Inu token circulation, thereby maybe increasing their value over time.Source: Shibariumcheck

A number of factors are fueling this explosion of network activity. Shiba Inu tokens have attracted more investor attention in recent market instability, which has raised transaction demand for Shibarium.

A 13.7% rise in active accounts on the network—from 687 to 781—showcases this higher activity. Especially, although the number of active users increased, new account creation somewhat dropped, implying that the current user base is driving this activity increase.

Rising transaction volumes and the methodical reduction of SHIB tokens via burning seem to be the twin benefits that are driving network expansion and future value appreciation potential. This dynamic probably motivates SHIB aficioners to stay involved and keep making Shiba Inu network investments.

Note: This article does not contain investment advice

The post Shiba Inu’s Shibarium Sees Major 60% Transaction Increase appeared first on Coin Engineer.

Despite all these advancements, the functionality is still lacking some crucial updates. X moniker LUCIE, the marketing strategist at Shibarium, has laid out the priorities with the expansion of the ShibaSwap DeFi platform and the Shiba Hub app.

Shiba Eternity, a mobile game in the SHIB ecosystem, will get more attention as well, and the TVAT token, a governance asset of the upcoming layer-3 blockchain, will begin operating.

In conclusion, the team will analyze K9 Finance, which is a derivative staking platform on the Shibarium network, allowing people to stake BONE tokens.

“Networking issues amongst the validators” caused a brief outage in the L2 blockchain solution not long ago. Nevertheless, the developer of SHIB, Kaal Dhairya, disclosed that the problem was promptly fixed:

“Network is back up and running now, some services like Shibariumscan or external RPCs can still remain down until the steps provided are implemented. If you’re an external team working on infrastructure level for Shibarium ( e.g. RPC etc ) please reach out so that we can streamline comms with you over shared telegram / slack channels.”

In contrast to the temporary setback, Shibarium unveiled an improved user interface (UI) that is “faster, smoother, and more accessible than ever.” Popular self-custody wallets including as MetaMask, Coinbase Wallet, and Trust Wallet are now compatible with the update, according to the developers.

The post Shibarium Achieves Milestones and Upgrades User Interface appeared first on Coin Engineer.

According to the last SHIB token burning transaction, it has been determined that 8.47 billion tokens were transferred from an unknown wallet (0xc7d..) to a dead wallet. However, considering major token burns in recent days, the SHIB token burn rate had decreased by 1.12%. The latest burning event marks the fourth incident carried out with the purpose of reducing the circulating supply of SHIB by using a significant portion of Shibarium’s transaction fees.

Previously, 8.53 billion SHIB tokens were burned via Shibarium, worth approximately $90,000. This burn increased the SHIB token burn rate to 161,540.53%. The increase in burning rate is expected to add momentum to the Shiba Inu price rally.

You might be interested: Onchain Data: The Bull Just Getting Started!

In addition, similar token burns took place on December 4 and December 16; 8.24 billion and 8.61 billion tokens were respectively burned. In just 19 days, the total of Shibarium-supported SHIB token burns astonishingly found 33.85 billion tokens. So far, a total of 410.69 trillion SHIB tokens have been burned.

The recent increase in SHIB token burns combined with other developments on Shibarium. The platform experienced a transaction explosion as the daily transactions recently hit a boundary of 7 million. Also, the total transactions reached 168.48 million. Shiba burn was carried out by the team!

Shiba Inu’s Price Gain

As of the writing, the SHIB price, gaining 2.64% in value on Saturday, December 23, was recorded as $0.0000108. Furthermore, Shiba Inu’s market value increased by 2.65% reaching $6.3 billion. Also, the 24-hour trading volume for the dog-themed crypto increased by 30.42% reaching $254.55 million.

SHIB gained about 9% in value in several volatile sessions in the last seven days. Meanwhile, the one-month gain of Doge killer exceeded 33%, backed by recent large SHIB token burns through Shibarium.

Also, in the comment section, you can freely share your comments and opinions about the topic. Additionally, don’t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Shiba Huge Burn Realized! appeared first on Coin Engineer.

The purpose here is for Shiba Inu (SHIB) to further appreciate its token by reducing the circulating number every day to affect the price. Similarly, Binance also burned $450 million worth BNB in recent days.

Why Didn’t The Price of Shiba Inu Change Much?

Although the value of SHIB increased by %2 after the burn, the expectation here will be more long term. the technology they aim to increase values such as more transactions and scalability on roll-up, i.e., the blockchain network (Shibarium developed this blockchain) could rise rise even faster when it further develops. Roll-up emerged at the end of August and they advance every day in their projects, which they always say forward despite many adversities in the following months.

What Is The Current Supply Situation?

Shiba Inu (SHIB) burnt more than 53 million SHIB tokens by sending them to an address that no one can access. The maximum total supply of Shiba Inu is 999.982.697.981.254. More than 41% of these, or 409.992.906.172.314, have been burnt.

In the comment section, you can freely share your comments about the topic. Additionally, don’ t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates.

The post Shiba Inu (SHIB)’s Burn Rate Increased by 250% appeared first on Coin Engineer.