Shiba Inu (SHIB) saw a dramatic surge in trading activity over the last 24 hours, with 15.05 trillion $BNB
SHIB changing hands—a 61% spike in volume, according to CoinMarketCap. Yet despite the frenzied trading, SHIB’s price is under pressure, falling 6.52% on the day to $0.00001055, and down over 12% on the week.
The surge in volume coincides with a broader market-wide sell-off, which has triggered over $701 million in crypto liquidations in just 24 hours. Notably, $618 million of that came from long positions, highlighting just how swiftly sentiment has flipped across the space.
More than 175,000 traders were liquidated as fear and uncertainty returned to global markets, fueled by macroeconomic jitters and risk-off positioning. While some investors are interpreting the high SHIB volume as accumulation at lower levels, others see it as a sign of exit liquidity.
The big question: Is this simply capitulation—or a setup for a reversal? With SHIB’s community known for rallying during volatile phases, the next few days could be crucial in determining whether this is a temporary dip or a deeper trend shift.