Shiba Inu Trading Volume Soars Over 92% as Market Slumps: Why SHIB is Defying the Odds
The cryptocurrency market continues to navigate choppy waters as global economic tensions weigh on investor sentiment. However, one meme coin is bucking the trend: Shiba Inu (SHIB). While many cryptocurrencies are experiencing declining trading volumes, SHIB is witnessing a significant surge, demonstrating surprising resilience.
Shiba Inu Defies Market Downturn with Massive Trading Volume Spike
According to CoinMarketCap data, Shiba Inu's overall trading volumes rose to $482 million in the last 24 hours, marking an impressive climb even amidst a widespread market dip. This stark contrast highlights renewed interest in SHIB and suggests underlying factors driving its positive performance.
What's Fueling the SHIB Surge?
Several factors could be contributing to Shiba Inu's recent surge in trading volume. According to IntoTheBlock data, over the last 24 hours, Shiba Inu has seen a 372.6% surge in large transaction volume, which denotes whale activity amounting to significant sums. This suggests institutional or high-net-worth investors are accumulating SHIB.
Furthermore, the 1,711% volume spike on Coinbase signals renewed interest and activity, potentially driven by increased accessibility and visibility on one of the world's leading cryptocurrency exchanges. Although trading volume across the market saw a dip, the SHIB/USDT trading volume on Binance has jumped by 8% in the last 24 hours. This indicates strong buying pressure and sustained interest in SHIB within the active trading community.
Shiba Inu Price Action and Key Resistance Levels
Despite the positive trading volume, Shiba Inu (SHIB) price drops and trades at $0. at the time of writing on Tuesday, falling from $0. and marking a 3.70% decline in the last 24 hours. The price is navigating a complex landscape. Shiba Inu has established a resistance zone around 27 de sept. de 2025, which will be a key level to watch for a potential breakout. Overcoming this resistance could signal a stronger bullish trend.
Hace 3 días, market analysts were already observing this trend.
Conclusion: Is Shiba Inu a Buy Amidst Market Uncertainty?
Shiba Inu's ability to defy the broader market trend with soaring trading volume presents an intriguing case. While price volatility remains a factor, the increased whale activity and strong trading volume on major exchanges like Coinbase and Binance suggest underlying bullish sentiment. Investors should conduct thorough research and consider their risk tolerance before making any investment decisions. The future of SHIB hinges on its ability to sustain this momentum and break through key resistance levels.