Recent data reveals that over 10 trillion Shiba Inu (SHIB) tokens were exchanged within 24 hours, primarily fueled by whale activity. While this figure might seem significant, it falls short of the transaction volumes recorded during SHIB’s peak bullish cycles.
Historical Context: Comparing Current and Peak Volumes
During previous market rallies, Shiba Inu transaction volumes exceeded 18 trillion tokens, signaling strong interest from major holders and an active market. By comparison, bearish periods typically saw volumes drop below 10 trillion tokens.
The current volume places SHIB in a middle ground—above bearish thresholds but still far from indicating a robust bullish trend. This subdued activity suggests a lack of strong buying or selling pressure, leaving the asset in a consolidation phase.