The dog-themed Shiba Inu ecosystem has registered bull market activity as more than 13 billion Shib Tokens have recently hit different crypto exchanges. According to data from CoinMarketCap, 13.2 billion hours of SHIB traded on 13% growth.
Shiba Inu market volume is rising sharply
The value of the traded Shib Token is approximately $159.98 million at current market rates. It may seem like a small drop, but it shows that when Shiv owners began a upward rebound, they rekindled interest in their assets.
The development comes after Meme Coin recorded a growth of 7.18% over the past 30 days. The recent increase in trading volume by Shib Holders indicates that users are preparing for potential rallying in the future.
At the time of reporting, SHIB's price has changed hands at $0.00001360, representing a 3.19% increase over the past 24 hours.
This price level is important for the Siv Holder. This is because it is the main breakout zone for memecoin. This knowledge may have catalyzed market participants who strengthened their activities in anticipation of upward movements.
As reported by U.Today earlier, many holders are bullish about Shib's May. Market participants hope to reflect Shib's activities in May 2024, when Meme Coin recorded an average profit of 13.2% this month.
If dog-themed coins move like they did in 2024, the price could reach the level of $0.0000236, as historical trends support.
SHIB users are optimistic about the May rally
Beyond the current transaction, within a week, the Shiv billionaires transferred about 10% of their wealth to major European exchanges. A massive 12 billion shib has been transferred to Bitvavo from a wallet with a cryptocurrency of around $1.5 million.
The move sparked speculation among community members regarding the intentions of billionaires users. A series of liquidation can inform you of a one-off or initial sale. No matter what happens, Shib holders remain optimistic that could be bullish.
