Trading activity of Shiba Inu in the ‘buying’ category experienced a double-digit surge on Thursday. SHIB has remained stagnant in the charts for close to three months with little to no price spurts. The development has caused distress to investors as their funds are not moving upward. The price stagnation is making other meme coins lucrative while SHIB remains in the back seat.
However, investors are now making use of the relentless price dip on Shiba Inu as the buying activity increases. The move indicates that traders are considering that its price could have bottomed out in the charts. Also, SHIB briefly turned green today as the buyers outpaced the sellers.
Also Read: SHIB Whale Activity Rockets 8,866% as Token Risks Adding Another Zero
According to the latest SHIB data from the Coinbase exchange, buying activity in Shiba Inu has surged close to 14%. For the first time in a month, buyers outpaced the sellers in SHIB. While 4,500 traders pressed the ‘buy’ button on Thursday, 3,900 pressed the ‘sell’ option and jumped ship.
In addition, around 4,900 investors were looking at the SHIB ticker and did not initiate any transactions. This shows that interest in Shiba Inu is slowly gaining steam among traders as the buying activity increases. However, data from the next few days will confirm if the trend was a temporary blip or if the demand is surging.
Also Read: Shiba Inu Price Prediction For August 2025
Shiba Inu Buying Activity Increases After Nearly a Month of Stagnation
Investors had remained out of SHIB last quarter as the buying activity declined compared to the sellers. The token is now seeing a ray of hope for recovery as buyers step in after more than a month. The next few days could define the future of SHIB, whether it could make a comeback or keep stepping back. The token was once the darling of the cryptocurrency market but is now struggling to attract new buyers for investments.
Credit: Source link
