Well, slap my wallet and call me a crypto cowboy-Shiba Inu decided to wake up from its September slumber and jump a whopping 5% on Wednesday. 🎉 No, it wasn’t because the dog learned a new trick or finally fetched its own blockchain. It was just Bitcoin doing its usual “hold my beer” routine and dragging the entire crypto circus along for the ride. Still, after a month where SHIB dipped below $0.000012-a price so low it makes a flea’s budget look extravagant-this was about as welcome as a free pizza after a hangover. 🍕
Volume Levels: The Party’s Not Packed Yet 🎉📉
Now, let’s talk volume-not the kind you turn down when your neighbor’s playing bad karaoke, but the trading kind. According to Coinglass (yes, that’s a real website, not a fancy cocktail), the Shiba Inu trading volume is about as lively as a retirement home bingo night. 🦥 At the moment, it’s hovering around $150 million, which is roughly the amount of money I’d spend on coffee if I were Elon Musk. ☕️ For context, back in September, it was $200 million, which is still less exciting than a Monday morning staff meeting.
What does this mean? Well, if volume is the lifeblood of a rally, then SHIB is currently running on a diet of lukewarm tap water. 💧 Historically, the meme coin’s biggest parties (read: price surges) have been fueled by volume spikes that make Black Friday look like a library. Remember 2021, when SHIB hit its all-time high of $0.000088? That was the crypto equivalent of a mosh pit. Or March 2024, when it jumped from $0.000009 to $0.000023? That was more like a polite square dance. So, unless we see a volume tsunami, SHIB’s ATH dreams might remain as distant as my New Year’s resolution to hit the gym. 🏋️♂️
So, Will SHIB Hit $0.00008 Again? 🌕🤔
Here’s the deal: low volume means low enthusiasm, and low enthusiasm means SHIB’s rocket ship is still stuck in the hangar. 🚀✈️ Sure, there’s some good news-exchange balances are at their lowest since 2023, which means investors are holding onto their tokens like they’re rare Pokémon cards. But let’s be real: unless the crypto gods (or Elon Musk) decide to bless SHIB with a sudden surge of interest, that ATH is about as likely as me winning a hot dog eating contest. 🌭
So, should you bet the farm on SHIB hitting $0.00008 again? Probably not. But hey, stranger things have happened in crypto-like Dogecoin becoming a thing. 🐶💸 Until then, keep your memes close and your stop-losses closer. 📉
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2025-10-02 14:51