Key Highlights
- Shiba Inu trading volume jumped 120% to $360M in 24 hours.
- SHIB’s LEASH V2 migration update sparked investor activity.
- Despite volume growth, SHIB price fell with the broader market.
- Crypto market liquidations topped $830M in a single day.
Shiba Inu Volume Surges While Price Drops
The crypto market is bleeding, but Shiba Inu (SHIB) is showing unusual activity. According to CoinMarketCap, SHIB’s 24-hour trading volume spiked 120%, reaching $360 million.
Pro Insight: While SHIB’s price is currently $0.00001233 after a 2% dip, the trading activity suggests strong investor interest even in a downturn.
This sharp rise in volume stands out because most other coins are facing low liquidity during the crash.
Alt text for image: Shiba Inu coin glowing against a red stock chart background showing market volatility.
What’s Behind the SHIB Volume Spike?
One major catalyst is the LEASH V2 migration update.
Expert Tip: The upgrade introduces a fixed supply model, external audits, and “burn-to-claim” migration, making the ecosystem more secure and attractive.
Additionally, Shibburn reported 3.74 million SHIB tokens burned today, reducing supply and fueling demand.
Real Example: While meme coins are often dismissed as short-lived, updates like LEASH V2 prove that the Shiba Inu ecosystem is still evolving and attracting serious investor attention.
How the Market Crash Affected SHIB
The surge in SHIB volume comes at a time when the crypto market lost $830 million in liquidations within 24 hours.
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Bitcoin (BTC) and Ethereum (ETH) saw the largest losses, wiping out $272M and $296M in positions.
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More than 165,000 traders were liquidated, adding to the panic.
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The sell-off began after a Bitcoin whale dumped 24,000 BTC, triggering a chain reaction.
Meanwhile, Jerome Powell’s recent speech at Jackson Hole hinted at interest rate cuts, which briefly boosted crypto before the crash reversed gains.
Alt text for image: Red crypto candlestick chart with Bitcoin and Shiba Inu logos in the background representing liquidation pressure.
(FAQ)
Why did Shiba Inu’s trading volume go up?
The surge is linked to SHIB’s LEASH V2 migration update and token burns, which increased trading activity despite falling prices.
Is Shiba Inu price going up or down?
Currently, SHIB price is down 2%, trading near $0.00001233, in line with the broader market crash.
What caused the crypto market crash today?
The crash followed a Bitcoin whale selling 24,000 BTC, which triggered $830M in liquidations across the market.
Also Read: Strategy Buys 3,081 Bitcoin as Holdings Cross 3% of BTC Supply – But MSTR Stock Drops
Final Thoughts
Shiba Inu is defying market trends with a 120% surge in trading volume even as its price dips. With the LEASH V2 migration, ongoing token burns, and strong community backing, SHIB continues to show resilience when much of the market is losing steam.