In January the number of SHIB on-chain transactions plummeted by more than 40%, marking the digital asset's fourth straight monthly decline. According to data from blockchain analytics website bloxy.info, SHIB recorded 475,157 on-chain transactions in December 2021, compared to 278,942 in January 2022, a drop of 41.29 percent over the two months. Finbold recently stated that SHIB demand on Google has dropped by more than 90% in last three months.