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Shiba Inu fell 2% on Thursday while volume surged 114%, highlighting diverging sentiment in China’s meme‑coin market.
Shiba Inu (SHIB) fell 2% on Thursday morning, even as its 24‑hour trading volume jumped 114% and trader participation rose 21%, underscoring a split between price pressure and heightened activity in the Chinese meme‑coin market [1].
| At a glance | |
|---|---|
| Price change (24h) | –2% |
| Volume change (24h) | +114% |
| Trader participation | +21% |
| Catalyst | Volume surge despite price decline |
The token’s price dip came as the broader memecoin sector rallied 4% and the overall crypto market rose 4% on the same day, leaving SHIB underperforming its peers. PEPE led the memecoin pack with an 8% gain, while SHIB’s decline contrasted with the sector’s upward momentum [1]. The surge in volume suggests renewed trading interest, possibly driven by speculative activity or short‑term positioning rather than fundamental news.
SHIB’s circulating supply stands at 589.24 trillion, representing 100 % of its max supply of 589.55 trillion, meaning no new tokens are expected to dilute the market in the near term [1]. The market cap, calculated by multiplying the current price of ₹0.0004215 by the total supply, sits at roughly ₹242 billion, essentially unchanged from recent levels. With no upcoming unlocks, the recent volume spike appears to be a market‑driven phenomenon rather than a supply‑driven event.
Social metrics show mixed sentiment: on Twitter, 40.6% of SHIB mentions were bullish, 18.9% bearish, and the remaining 59.4% neutral, while overall sentiment scores hover at 3.7 out of 5 [1]. Despite the price dip, the token remains a top‑talked‑about meme coin, ranking #53 in mentions across platforms, indicating that community chatter continues to fuel trading activity.
The divergence between SHIB’s price decline and its soaring volume highlights a market where trader interest outpaces price momentum, leaving the token’s near‑term direction uncertain pending further on‑chain activity or regulatory cues.
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AI-assisted synthesis by the TrendWatcher Editorial Desk · sourced from 2 outlets · Jul 2, 2026 · How we report
Shiba Inu has been approved as a launch asset for Laser Digital Japan, a crypto exchange subsidiary of Nomura.
Analysts identify $0.00000520 as a key support level, while a daily close above $0.00000600 is viewed as a potential catalyst for reversing bearish pressure.
Increased selling pressure and profit-taking following a rally have contributed to a decline in trading volume and a cooling of bullish momentum.