Shibarium developer pays fees as Blast shuts down
Shiba Inu (SHIB)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that Blast announced the shutdown of its operations on Friday, October 2, 2026, affecting layer-two solutions in the Ethereum orbit. Simultaneously, a Shiba Inu developer clarified who covers the costs for Shibarium, answering that a single individual settles the bill. The outlet notes that most SHIB holdings likely remain on Ethereum or exchanges rather than on Shibarium itself.
Investors who bridged tokens to Shibarium to swap or play now hold positions on a chain funded by one person. This development means those specific positions face a change in funding structure while others remain unaffected. The report emphasizes that this is a structural detail regarding token location rather than a chart-based event.
It advises holders to check which chain their tokens actually sit on. The key takeaway is that only those on the Shibarium bridge are directly impacted by the developer's funding role. Blast's winding down by October 26 highlights the risks of relying on single points of funding. The article suggests this is a concrete task for users to verify their token locations.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 4 October 2026. Not the outlet's figures.
Whalio data shows SHIB trading at $0.000005750 with a 1-hour buy ratio of 51.7% and a 4-hour ratio of 56.7%. These short-term figures exceed the 24-hour buy ratio of 51.2%, indicating that buying pressure is building in the immediate term. The volume delta reflects this shift, rising from +$48,217 over 24 hours to +$145,217 over the last 4 hours. This positive volume delta signifies that market participants are actively initiating more buy orders than sell orders during this period. Net buying occurred for 18 out of the last 24 hours, confirming sustained bullish flow. Spot volume reached $2,005,356 with 12,223 trades, showing active participation.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
Over the preceding week, the 7-day average buy ratio was 49.7%, making the current 24-hour ratio of 51.2% an unusual day with +1.5 points above average. However, spot volume was only 0.37x the weekly average, indicating significantly lower trading activity than usual. Net buying occurred on only 3 of the past 7 days, contrasting with the 18 days of net buying seen in the last 24 hours. The price changed -3.0% over 8 days, with a total volume delta of -$586,700 for the period. This suggests that while recent flow is bullish, the broader weekly trend remains slightly bearish with lower volume.