Shocking! 379.27 billion Shiba Inu coins (SHIB) appeared on Binance. What happened behind the scenes?
The cryptocurrency market has made significant progress. According to Binance news, the 24-hour trading volume of Shiba Inu tokens has reached 379.27 billion, and the activity has increased significantly and is consistent with the market rise.
In the past day, the price of SHIB rose by 0.72% to $0.00002423, and the initial trading volume soared to 761 million; then it fell to 600.96 million, and the price fluctuated between $0.00002319 and $0.00002486. Although it has not returned to the peak of $0.00003215 a month ago, I am optimistic about the recent performance; approaching the $0.000025 resistance level, a breakthrough is expected to trigger a rally, and Binance trading is the key driver.
For many participants, $0.00002 is an important psychological defense for SHIB, and holding it can lay the foundation for the token in the next few years. Sustained above this price can enhance investor confidence, especially long-term holders. Asset price increases are related to the daily destruction mechanism, and investors keep a close eye on the destruction rate because it can stabilize prices. In addition, ecosystem developments such as the chief developer announcement are also crucial to shaping market sentiment.
As SHIB breaks through the $0.000025 resistance level, it is expected to rise. Demand growth and strong trading activity are expected to drive prices further; emphasizing that broader investor participation and continued development of the ecosystem are critical to maintaining momentum.
At the same time, increased liquidity on platforms such as Binance will help long-term growth, and the recent performance of the token highlights its resilience and attractiveness. Market participants are closely watching its performance for signs of recovery and potential gains.
