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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

AI Researchers Reduce Quantum Attack Resource Benchmark by 86 Times

chest

Researchers have reduced the computing resources needed for a potential quantum attack on Bitcoin and Ethereum by 86 times.

user avatarJesper Sørensen

Regulators Urge Faster Cybersecurity Measures in Banking Sector

chest

Regulatory bodies are urging banks to adopt quicker patching and incident response strategies to combat evolving cyber threats.

user avatarRajesh Kumar

Advanced AI Accelerates Cyberattack Risks for Banks

chest

A new paper highlights the increasing threat posed by advanced AI to banks' cybersecurity, emphasizing the need for faster software repairs.

user avatarLucas Weissmann

US Stock Market Faces Turmoil Amid Rising Bond Yields and Oil Prices

chest

The US stock market is facing significant declines due to rising bond yields and increasing oil prices, influenced by geopolitical tensions.

user avatarFilippo Romano

Zoomex Launches World Trading Championship 2026 with Record Prize Pool

chest

Zoomex announces the launch of the World Trading Championship 2026 with a record prize pool of 5,000,000 USDT, featuring an expanded multi-asset competition format.

user avatarEmily Carter

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

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.