2.38 Trillion SHIB Hit in 24 Hours, But Shiba Inu Price Remains in Red
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Shiba Inu (SHIB) experienced high transaction volumes of 2.38 trillion SHIB in 24 hours, with 1.67 trillion in large transactions over $100,000. Despite initial rebound on April 1, the cryptocurrency is trading down 3% due to broader market weakness and crypto liquidations.
April 02, 2025 | 2:00 pm
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NEGATIVE IMPACT
SHIB saw high transaction volumes but price remains under pressure, trading below key moving averages with potential support at $0.00001082
High transaction volumes and large sell-offs indicate bearish sentiment. Crypto market weakness and liquidations further pressure SHIB price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100