Shiba Inu’s Volume Explosion: Leading Meme Coin Barrels Ahead In This Metric

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In an absolutely shocking turn of events (cue sarcasm), Shiba Inu has experienced a sudden burst in spot trading activity. This comes just a week after being dubbed one of the underachievers in the ever-fickle crypto market. Who would have thought, right? The second-largest meme coin by market cap seems to have found some hope-or at least some traders to pump it-after its rather unremarkable performance in this market cycle.

The Shiba Inu Phenomenon: Spot Trading Volume Surges

According to CoinGlass (because of course, it’s not official unless someone named CoinGlass says so), Shiba Inu’s spot trading volume on Kraken saw a meteoric 154% rise over the past week. Other major exchanges like Binance, Bybit, OKX, and Gemini are also jumping on the bandwagon, showing that maybe-just maybe-the spot buyers are trying to prop up SHIB at a critical support level while the rest of the crypto world is taking a nap.

And guess what? Despite Bitcoin’s erratic rollercoaster ride, Shiba Inu has somehow managed to be in the green for the last week. I know, it’s hard to believe, but the second-largest meme coin by market cap is up nearly 7%. It’s like the little meme coin that could-sort of.

Now, don’t get too excited. While some traders seem to think Shiba Inu’s price is going to the moon, the data from CoinGlass also reveals a more ominous side. Leverage traders, with their undying optimism, are betting on SHIB’s price increasing. The long/short ratio is above 1, but-wait for it-derivatives volume is down 10%, and open interest has dropped by nearly 4%. Yikes. Could this be the calm before the storm?

But wait, there’s more! (I swear I’m not a TV infomercial.) There’s a glimmer of hope in the form of the Fed. With their likely interest rate cut at the FOMC meeting this week, there’s a chance that more liquidity could flood into the crypto market. And guess who might benefit from that? Yep, our old friend Shiba Inu. The stars might align, especially if Bitcoin manages to hold its ground above $90,000. Fingers crossed!

Shiba Inu Community: The SHIBsters Strike Again

The Shiba Inu community is back at it, updating the world on the coin’s progress. A community member, known only as Shibizen (no, not kidding), reported that over 45 billion SHIB have been moved off exchanges in recent days. It’s almost like they’re hoarding it for a rainy day. Meanwhile, a whale transfer of $35 million into a private wallet has also been noted. Coincidence? Probably not. Looks like the big players are feeling bullish.

In even more exciting news (no, this is not a drill), Coinbase is launching Shiba Inu futures on December 12. That’s right, institutional and retail investors alike will soon be able to speculate on the future of this meme coin. If that doesn’t make you feel like you’re witnessing history, I don’t know what will. And just to top it all off, NYSE Arca is pushing forward with T. Rowe’s Shiba Inu ETF. The launch is imminent, or at least as imminent as anything involving red tape can be.

Oh, and for those of you actually paying attention, there are upgrades underway on the Shibarium network. We’re talking about an RPC upgrade and a full privacy upgrade, set to roll out by next year. It’s like Shiba Inu is getting a makeover, and I, for one, am here for it.

As of this moment, Shiba Inu is priced at a whopping $0.000008498. I know, I know-don’t spend it all in one place. But hey, at least it’s up in the last 24 hours. Progress, right?

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2025-12-09 19:20