Shiba Inu (SHIB) has emerged as the frontrunner amidst the recent surge in the meme coin market. Surging to certain ALT levels that have not been reached since since April 28, 2022. This significant increase followed a remarkable rally of 150% that commenced on February 26. However, as SHIB approached the $0.000025 mark, it faced resistance, eventually retracing by 10% to settle around the $0.000022 mark.
Notably, Justin Sun, a prominent figure in the crypto community, made waves by transferring a substantial amount of SHIB, totaling 20 trillion tokens valued at over $544.4K. Despite this retracement, the sentiment among the majority of SHIB holders remains bullish, reflecting optimism in the coin’s future prospects. At the time of reporting, SHIB price stands at $0.00002603, reflecting a notable 15% increase in the past 24 hours.
Shiba Inu (SHIB) Trading Volume and Investor Sentiment
The recent surge in SHIB’s trading volume has been notable, reaching a 3-year peak of $6.4 billion
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