Shiba Inu surges to 1.34 billion SHIB traded after market crash wipes out $1 billion

Shiba Inu recorded a sharp increase in trading activity, with 1.34 billion SHIB exchanged over the past 24 hours. The spike followed a significant drop across the broader cryptocurrency market, which led to more than $1 billion in leveraged positions being liquidated. Most of this new volume appears to have been driven by a combination of forced liquidations from sellers and an influx of buyers seeking out discounted prices. Trading data indicates heavy activity during the downturn, particularly when SHIB dropped from $0.00000580 to $0.00000534 over two days.

Source: CoinTurk News