Shiba Inu’s dream of reaching $0.00001 is delayed, despite transaction volume reaching 20.9 trillion shibs

Jakarta, Pintu News – Shiba Inu has declined from its October 21 peak of $0.0000105, hampering investors’ efforts to remove a single zero from the coin’s price. This decline coincided with a drop in the price of Bitcoin (BTC), which also declined after reaching its peak. Despite this, the trading volume of Shiba Inu has been extremely high, with over 20.9 trillion SHIB traded in the last 24 hours.

Price Drops and Market Sentiment

Shiba Inu experienced a significant price drop from Monday’s daily high of $0.0000105, marking a decline from the recovery that began on October 17. This decline reflects how fragile market sentiment was towards the end of October. Currently, SHIB is down 0.68% in the last 24 hours to $0.000009915.

This drop coincided with the decline in the price of Bitcoin (BTC), which briefly surpassed $114,000 before losing most of its gains. This drop not only affected Shiba Inu but also led to massive liquidation in the crypto market.

Despite the decline, Shiba Inu’s trading volume remained high, reaching 20.9 trillion SHIB with a transaction value of $210.09 million, up 28% from the previous day. This shows that despite the price drop, interest in Shiba Inu is still very high.

Also Read: 5 Shocking Facts: Prediction Market Volume Explodes 5-Fold, Reaching IDR 49.9 Trillion!

Trading Volume and Price Projections

With high trading volumes, many are keeping an eye on the possibility of Shiba Inu reaching and crossing the $0.00001 price again. If trading volumes remain high and market sentiment improves, there is a chance that Shiba Inu will wipe zero off its price once again. The Fear and Greed index, which reflects market sentiment, has been in the fear zone for seven consecutive days, but there is still hope that these conditions could indicate a potential market bottom.

If the market sentiment turns positive, Shiba Inu might reach new price targets at $0.0000119 and $0.0000127, which would start a new uptrend. This rise will largely depend on how the overall crypto market moves, especially the influence of Bitcoin (BTC) price movements.

On-Chain Data and Price Consolidation

The on-chain data shows that there is uncertainty in the market, which could mean that the price of Shiba Inu will continue to consolidate before the next big move. This consolidation could be an important time for investors to closely watch price movements and trading volumes.

Consolidations are often followed by significant price movements, both upward and downward, depending on various external and internal market factors. Monitoring this on-chain data is crucial as it can provide insight into investor behavior and potential future price movements. Investors and crypto market analysts will continue to watch these indicators to try to predict the next direction of Shiba Inu and the crypto market in general.

Conclusion

Although Shiba Inu has declined from recent highs, high trading volumes and continued interest from investors suggest that there is still hope for a price recovery. By observing market sentiment and on-chain data, investors can be better prepared for any price fluctuations that may occur in the future.

Also Read: Top 2 Trending Crypto Before November 2025: Widely Watched by Whale!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• U.Today. Shiba Inu to $0.000001 Dream Paused Despite 209 Trillion SHIB Market Activity. Accessed on October 24, 2025