SHIB's Trading Volume on Coinbase Surges by 1,711%

user avatar

by Giorgi Kostiuk

2 years ago

SHIB trading volume on the American crypto exchange Coinbase has surged by 1,711%, aligning with anticipated changes in the Shiba Inu ecosystem.

Increase in SHIB Trading Volume on Coinbase

The SHIB/USD trading pair on Coinbase reached $13.12 million in the last 24 hours, indicating renewed interest in the token. The Shiba Inu ecosystem is preparing for significant changes in 2025, including the launch of the TREAT token. The community expects this to strengthen SHIB's position in the long term.

Mark your calendars, it’s going to be legendary.Treat

Analysis of SHIB Price Trends

Despite the increased trading volume, SHIB's price remained stable at nearly $0.0000236 over the past 24 hours. The token rose 12% over the week, delivering 50% 'green days' and price volatility at 12.22%. The current technical picture indicates a neutral market sentiment with the Fear & Greed Index at 76, which signals 'extreme greed'.

Shib will do what it does, 'slowly then all at once'—a monster vertical move.$trong

Changes in SHIB Wallet Activity

Market activity has led to changes in SHIB wallet structures. The number of wallets holding between 1 trillion and 10 trillion SHIB decreased by 20%, while the number of addresses with 1 billion to 10 billion SHIB increased by 9%. This could indicate increased interest from retail investors.

SHIB has shown a significant increase in trading volumes on Coinbase, but the price remains stable. The shift in activity from large players to smaller wallets suggests growing retail investor interest, which could impact future price movements.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

Dolphin Token Listed on Upbit with Three Trading Pairs

Dolphin (POD) has been officially listed on Upbit, one of South Korea's leading cryptocurrency exchanges, with three trading pairs: KRW, BTC, and USDT.

user avatarNguyen Van Long

Optimism Releases Opnode Update to Enhance Sequencer Performance

Optimism has launched a new opnode update aimed at improving the performance of sequencers and preventing configuration errors from causing upgrade issues.

user avatarTando Nkube

Optimism Releases Maintenance Update v250 for Opreth

Optimism has released Opreth version 250, a maintenance update that removes legacy commands and includes important security patches.

user avatarKofi Adjeman

Optimism Releases Maintenance Update for Rust-based Faultproof Stack

Optimism has announced a substantial maintenance release for its Rust-based faultproof stack, known as Kona host v180, which was published on October 1. This update is recommended for all chains and focuses on ensuring that two pieces of verification software derive the same answers from the same chain data.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.