#MyCOSTrade Almost Zero: 320 Billion Shiba Inu (SHIB) in 24 Hours
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Shiba Inu certainly at stage where activity on network is stalling
The most recent Shiba Inu data presents a dismal image. Only 320.14 billion SHIB were transacted in the last 24 hours. This amount would have been insignificant on more bullish days when the 24-hour transaction volume of SHIB frequently exceeded one or two trillion. Compared to previous peaks, that 320 billion figure is now essentially a rounding error.
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This weakness is supported by on-chain data, which shows that heavy transaction volumes are still low, even though SHIB's price is struggling to stay afloat. The seven-day peak for big transactions is actually only 3.14 trillion SHIB, which is a small portion of the price that initially drove the meme-coin frenzy.
