Just 1 Trillion Shiba Inus in 24 Hours

Recently, Shiba Inu Coin (SHIB) has seen a sharp rise in whale trading volume, coinciding with a period of market turmoil. Market uncertainty has led to nearly 10 trillion SHIB being traded, with about 1 trillion SHIB being transferred in the last day alone. However, as the market stabilizes, trading volumes are gradually returning to normal.

The sharp increase in whale activity suggests that large investors are reacting to the turmoil in the global financial system, perhaps rearranging their portfolios or selling assets to reduce risk. The sudden increase in trading volume highlights the speculative nature of Shiba Inu Coin.

Shiba Inu Coin is considered a highly volatile cryptocurrency, with its price driven more by market sentiment than intrinsic value. As the market stabilizes, Shiba Inu Coin's trading volume has dropped sharply, suggesting that the recent surge in activity is not a long-term trend, but a direct response to the market crash.

Shiba Inu Coin price recently rebounded to the $0.000010 support level, but failed to show a clear upward trend. The 200 EMA ($0.000018), 100 EMA ($0.000015), and 50 EMA ($0.000015) remain important resistance levels that SHIB needs to break through to show a strong rebound.

The decline in trading volume reflects the overall trend of the market, and investors may be hesitant to make major moves until more favorable conditions emerge. In the short term, this cautious strategy may lead to a flat price trend for SHIB and other similar cryptocurrencies.

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