Shiba Inu’s Wild Ride: Hackers, Hacks, and 20% Jumps 🚀🐕

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In this, our age of digital folly, the Shiba Inu, that most enigmatic of canine currencies, has once again stirred the slumbering masses. On the fateful day of September 13th, as the world teetered on the brink of another weekend, the price of SHIB ascended like a balloon at a child’s birthday party, reaching the dizzying height of $0.000014. A 25% leap from its monthly nadir, it seemed, for a moment, that the gods of crypto had smiled upon the faithful. 🌟

Yet, in the shadows of this triumph, the Shibarium network, that vaunted layer-2 solution, confessed to a wound-a hack, no less. The irony, oh the irony! A network designed to fortify, itself breached. And yet, the total value locked (TVL) surged, as if the very act of vulnerability had become a perverse catalyst for growth. DeFi Llama, that silent chronicler of our times, reported a 40% jump to $2.28 million, a figure not seen since the halcyon days of June. 📈

Shibarium’s Leap of Faith Amidst Chaos

The developers, ever the optimists, unveiled a ShibaSwap upgrade, a “unified trading module” they called it, with the audacity to claim it would “enhance performance.” As if the DeFi industry needed more enhancement! Nika, that intrepid soul, proclaimed on the digital altar of Twitter:

Hey #ShibArmy! 🎉

We just dropped the brand new #ShibaSwap UI/UX and seriously, it’s the fastest and smoothest experience ever.

Loading is lightning quick, swapping or adding/removing liquidity is super easy, and navigating feels like a breeze.

By the way, there’s a new…

– Nika (@atul_agrr) September 12, 2025

Shibarium, in its infinite wisdom, also standardized liquidity formation and embraced the multi-chain ethos, stretching its tendrils to Ethereum, Polygon, and Arbitrum. A bold move, indeed, for a network that had just been humbled by a hacker’s audacity. 🕸️

Ah, the hack! A tale as old as time itself. A flash loan, 4.6 million BONE tokens, and a malicious state signed with stolen validator keys. Yet, Shibizen, ever the spinmaster, assured the masses that only a “small amount” of ETH/SHIB had been pilfered, and the BONE tokens remained frozen. A small victory, perhaps, but one that sent the BONE price soaring by 40%. 🦴

Shibarium Bridge – Investor Q&A

Was Shibarium hacked?
No. The protocol itself was not compromised. The issue came from stolen validator keys used to push a fake state.

Were funds lost?
Only a small amount of ETH/SHIB was moved. The majority of assets
– including 4.6M BONE -…

– Shibarium | SHIB.IO (@Shibizens) September 13, 2025

Meanwhile, the Shiba Inu tokens on exchanges dwindled, a sign, perhaps, that investors had grown weary of selling their digital hounds. 283 trillion tokens remained, down from 292 trillion in August. A retreat, but not a rout. 🐕‍🦺

The Technical Ballet of Shiba Inu’s Price

In the grand theater of technical analysis, SHIB’s price has performed a graceful recovery, ascending from $0.00001170 to $0.000015. It clings to an ascending trendline, a lifeline since April, and has breached the 50-day moving average with the confidence of a matador. The Percentage Price Oscillator, that fickle indicator, has crossed above the zero line, hinting at further ascent. 🌪️

And so, the bulls, ever hopeful, set their sights on $0.00001770, a 20% leap from the current perch. Will they succeed? Only time, that relentless march forward, will tell. But in this world of crypto, where hacks and hype reign supreme, one thing is certain: the Shiba Inu’s journey is far from over. 🚀🐕

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2025-09-13 18:21