Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
SHIB Shibarium's trading volume soared 74%, and Internet activity rebounded against the trend.
Despite the overall weakness of the market, Shibarium's online trading volume increased significantly by 74%, reflecting a significant increase in Internet activity. However, after falling 23% in July, the SHIB still failed to break through key resistance levels. Weak trading volumes continue to limit its recovery, even as blockchain activity improves.
Shibarium's online growth failed to boost SHIB prices
Shibarium recently recorded one of the strongest one-day increases in online activity. Shibarium Scan data showed that the average daily transaction volume jumped from 661 on July 21 to 1151 on July 22, an increase of 74% in 24 hours. Typically, such a significant increase will boost market confidence, as higher blockchain activity often means increased adoption rates and increased user engagement. This increase is even more prominent because overall activity in the Shiba Inu ecosystem has previously been relatively calm.
Despite the encouraging blockchain data, SHIB, like other cryptocurrency markets, is still struggling. During the current market consolidation period, investors have reduced their exposure to high-risk assets, causing continued pressure on many digital assets. As of the latest update, SHIB is trading at approximately US$0.00004166, down 1.54% in the past 24 hours. The weekly increase also narrowed significantly, recording only a weak growth of 0.51%.
Price movements also reflect the lack of strong buying demand. Buyers have repeatedly failed to push SHIB above key resistance levels around $0.000043. In the absence of new momentum, the token is more likely to continue to fluctuate within a narrow range rather than start a sustained recovery. Investors now need to see stronger demand before they can expect meaningful breakthroughs.
Weak trading volumes continue to limit recovery
Broader market data also confirms cautious expectations. A recent report from cryptocurrency analysis platform Santiment pointed out that since July 2024, the trading volume of major cryptocurrencies has continued to decline. Average daily activity has dropped to its lowest level in nearly two years. The platform said that a variety of factors continue to contribute to this slowdown, including continued macroeconomic uncertainty, weakening investor confidence, reduced risk appetite, and fading market enthusiasm after the recent sell-off of altcoins.
Low trading volume has brought complications to future price movements. On the one hand, limited demand makes any short-term rebound appear fragile because buyers lack enough strength to keep prices higher. On the other hand, once sellers start to leave and spot buying returns, thinner liquidity may instead support a faster recovery. Under current conditions, even moderate growth in demand could trigger a stronger price response than many traders expect.
