"Shiba Inu Nears Milestone Despite Stagnant Price"

Shiba Inu's layer-2 network Shibarium is nearing 5 million blocks, marking a significant milestone. However, SHIB's price remains stagnant, with trading volume and burn rate both declining. Despite this, some on-chain metrics suggest a bullish outlook, including increased Net Network Growth and large transactions by whales. Additionally, Shiba Inu's fundamentals remain strong, with potential developments like a Shiba Inu Spot ETF and support for perpetual futures on Coinbase International Exchange.