Shiba Inu (SHIB) Volume Falls 20%, But Major Bullish Twist Emerges

Shiba Inu's Trading Volume Plunges, but Potential Rebounds Loom

The dog-themed meme coin Shiba Inu (SHIB) has seen a sharp decline in transaction volume over the past 24 hours, resulting in reduced investor activity and falling prices. Data from CoinMarketCap shows SHIB's trading volume dropped by 20% to $174.02 million during this period.

Despite the significant volume drop, the price decline may attract large holders, or "whales," to accumulate more SHIB, potentially sparking a rebound. Whales often capitalize on low-volume periods to increase their positions, and heightened accumulation could drive demand, leading to a potential price breakout.

If demand for SHIB tokens rises within its ecosystem, prices could climb. At the time of writing, Shiba Inu has shown slight recovery, trading at $0.00001456—a modest 0.72% dip from its recent low of $0.00001408.

Another factor that could support a rebound is an uptick in SHIB's burn rate, which has fallen by 49.92% in the last day. A resurgence in this deflationary mechanism could help push prices upward.

Additionally, Shiba Inu's recent milestone of surpassing Bitcoin Cash (BCH) in market performance may encourage holders to accumulate more SHIB, signaling potential for further growth. Despite market volatility, SHIB marketing lead Lucie has urged the SHIB Army to stay calm, framing this as an opportunity for a price breakout.

While the recent trading volume slump has pressured prices, whale activity, increased token burns, and positive ecosystem developments could all contribute to a potential rebound for Shiba Inu.