Shiba Inu demonstrating 30% rise in trading volumes despite the recent market drop

According to CoinMarketCap data, Shiba Inu is demonstrating a 30% rise in trading volumes despite the recent market drop.Increased volatility often leads to higher trading volumes for most crypto assets as expert traders buy and sell large quantities to capture profits.

Thus, the rise in SHIB volume may have been caused by investors accumulating SHIB at its current lows.Traders might have been scrambling to take advantage of the opportunity presented by the recent SHIB consolidation.

Moreover 15 trillion SHIB, or 15,871,804,471,893 worth $160,040,063, have been swapped within the last 24 hours.According to the SHIB burn Twitter handle, in the past 24 hours, there have been a total of 4,112,566 SHIB tokens burned and 16 transactions made.