A huge drop of more than 30% occurred in Shiba Inu around two weeks ago at the same time as Bitcoin plummeted below the $29,000 barrier.
In 2021, one of the cryptocurrencies that did the best was Shiba Inu (SHIB), which saw its value increase by 48,000,000%.
The Shiba Inu was seriously harmed during the recent market meltdown.
The token came dangerously close to putting a “zero” in the indexes, but it was able to avoid doing so as the market began to recover.
On Thursday, trading activity for Shiba inu reached new heights with 77% of investors placing it on “buy” and just 23% keeping it on sell.
Shiba Inu trade volume hit and beyond the 70% threshold yesterday for the first time in two months.
The volume of Shiba Inu trades has dropped by 40.98 percent in the previous 24 hours.
This report’s information was first seen on Reuters; to read more, click this link.