Concerns about Shiba Inu’s price outlook have emerged as the network’s activity has slowed down, with recent data showing a decline in transactions on its layer-2 blockchain solution, Shibarium. The number of daily transactions dropped to just 65,411 on June 1st, marking the lowest point observed in nearly three months. Furthermore, declining active accounts and new contracts suggest reduced user engagement, potentially impacting price stability. However, there are some positive signs that could impact SHIB’s valuation. A negative exchange netflow indicates decreasing supply on centralized platforms and suggests investors may be shifting towards self-custody methods, which reduces immediate selling pressure. Shiba Inu’s RSI is also hovering slightly above the bullish zone of 30, indicating a potential for a price rally. While the future of Shibarium development remains uncertain and will impact SHIB’s performance, some industry experts remain optimistic about its long-term potential.