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Shiba Inu Transaction Activity Plunges 95% After Record Daily Surge
Jul 9, 2026
< 1 min read
by Lele Jima
for The Crypto Basic
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AI Overview
Shiba Inu's on-chain transactions spiked to 78,558 on July 6 (its highest since October) then plunged 95% to 3,922 the next day, according to CryptoQuant. This sudden volatility in transaction activity raises short-term risk for token performance and adoption, suggesting transient trading flows rather than sustained DeFi or exchange-driven demand.
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Shiba Inu has recorded an unusual on-chain anomaly after its daily transaction count plunged by 95% within 24 hours. According to data from CryptoQuant, Shiba Inu’s daily transaction count soared to 78,558 on July 6—its highest level since October—before tumbling to 3,922 the following day.
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