The Shiba Inu blockchain network is showing signs of recovery. Active address counts have climbed back following a steep single-day drop that coincided with broader crypto market turbulence on April 11. On-chain data from CryptoQuant shows the metric falling nearly a third within 24 hours before staging a multi-day recovery.
The rebound signals renewed user interest in the leading meme token. However, SHIB’s price has briefly turned negative in the short term, reflecting the cautious sentim