Shiba Inu Price Outlook: Analysts See SHIB Poised for a Rally After $4M Shibarium Hack Recovery

Jakarta, Pintu News – Shiba Inu’s (SHIB) Layer 2 network, Shibarium, is back in operation after suffering a $4 million hack that forced the developer to temporarily suspend its activities.

The network’s recovery has sparked renewed optimism among the community, with many analysts predicting a potential uptick in SHIB prices as market sentiment begins to turn more bullish.

Shibarium Recovers from $4 Million Hack

In a recent post on its official blog, the Shiba Inu team announced that Shibarium’s network activity has been fully restored after suffering an exploit worth more than $4.1 million. Shibarium’s bridges previously had to be disabled following the sophisticated hacking incident.

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Hackers leveraged the flash loan to acquire 4.6 million BONE tokens, the governance token of the Shibarium network, which were then used to attack the Shibarium bridge to the Ethereum (ETH) network.

In this way, the perpetrators managed to take over 10 of the 12 validator keys while increasing their stake. This allowed the perpetrators to push fake checkpoints to the Heimdall consensus layer, which is a key part of the Shibarium security system.

In response, the developers immediately activated the emergency system and stopped all bridge activity, while working on a recovery plan. Before reactivating the network, the Shiba Inu team worked with security firm Hexens.io for 10 days to inspect the infrastructure, verify changes, and perform simulated repairs.

The measures yielded positive results: 4.6 million BONE tokens were successfully rescued, and validator keys were rotated to prevent potential future leaks.

Shiba Inu Team Implements New Strategy

To strengthen security, the Shiba Inu team also implemented a number of new strategies, including blacklisting suspicious contracts, working with dRPC.org to consolidate RPC endpoints, and increasing the withdrawal lag from one to thirty checkpoints.

More than 100 contracts were moved to safer wallets, while a new monitoring system and emergency response playbook were introduced to detect suspicious activity in real time.

Interestingly, the development team decided not to bounty the perpetrator, citing that the on-chain transaction trail showed clear malicious intent.

The team’s main focus now is to restore bridge operations and the checkpointing system , while the compensation plan for affected users is still being developed and will be announced once the replacement system is completed.

Analysts Predict SHIB Will Strengthen

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In a recent post on the X platform, a crypto analyst mentioned that Shiba Inu is “heating up”, with on-chain signals showing selling pressure starting to decrease. The recovery of the Shibarium network is also expected to restore investor confidence, which was shaken by previous hacking incidents.

Adding to the bullish sentiment, whales were seen accumulating SHIB again. Based on data, over 62 billion SHIB tokens have been bought up by large investors, while token reserves on exchanges continue to decline, signaling less supply available for sale.

Another analyst, Javon Marks, revealed that SHIB’s technical indicators show a potential upside of more than 150% towards the $0.000032 level. According to him, a regular bullish divergence pattern has formed, signaling an increasingly strong buying momentum in the market.

On the other hand, the Shiba Inu development team continues to make updates to its ecosystem. ShibaSwap, the SHIB community’s decentralized exchange, recently underwent a design update that now integrates multi-chain trading and improves liquidity management efficiency.

Meanwhile, the Shibarium developer portal was also updated with more detailed documentation for node operators and developers, to encourage decentralization and increase transaction activity on the network.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingape. Expert Predicts SHIB Rally as Shiba Inu Restores Shibarium After $4M Hack Shutdown. Accessed on October 6, 2025