- ShibaInu witnessed a massive surge in activity as over 1.63 billion tokens flowed into Binance within 24 hours, despite an ongoing market sell-off.
- ShibaInu’s whale transactions spiked by over 1,010%, signaling potential accumulation and a possible price rebound.
Binance Sees Massive SHIB Volume Surge Despite Market Sell-Off
ShibaInu (SHIB) has captured the spotlight again with over 1.63 billion tokens flooding Binance within 24 hours—despite a broader sell-off across the crypto market. This unexpected spike in trading activity suggests heightened interest from both retail traders and whales, raising hopes for a potential price rebound.
According to CoinMarketCap data, the SHIB/USDT and SHIB/USDC trading pairs combined for a whopping $18.985 million in volume on Binance, the largest crypto exchange globally. This flurry of activity occurred even as SHIB’s price slipped by 1.16% to $0.00001159, recovering slightly from a low of $0.00001137 earlier in the day.
ShibaInu Finds Support as Whale Activity Soars
Despite the sell-off, SHIB is showing signs of resilience. The meme coin is inching toward the $0.00001165 mark, a price level that has acted as a reliable support zone in past trading cycles. If momentum continues, this support could serve as a springboard for a larger upward move.
Meanwhile, whale activity has surged dramatically. Recent data shows ShibaInu whale transactions have increased by over 1,010%—reaching levels not seen since early 2025. These large-scale inflows suggest that institutional or high-net-worth investors may be positioning themselves for a bullish turnaround.
A Critical Moment for SHIB’s Short-Term Future
The influx of over 1.6 billion SHIB to Binance, coupled with a spike in whale involvement, could indicate a strategic accumulation phase. Whether this results in a true recovery remains to be seen, but the groundwork for a price reset is forming.
Investors and enthusiasts should watch closely as this renewed on-chain activity might mark the beginning of a SHIB resurgence. If buying pressure continues to build, ShibaInu may once again defy expectations in the meme coin arena.
