# Shiba Inu drops 2% as trading volume spikes 114% in China

**Published:** 2026-07-02T19:49:53.128Z  
**Topic:** Shiba Inu  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/3bb842fb-e6f6-4e6b-805d-5e5891b64c62

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 |

## Market move and immediate context  
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.

## Tokenomics and on‑chain backdrop  
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.

## Sentiment signals  
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.

## What to watch
- **Price thresholds**: ₹0.00042 (current level) and the next psychological support around ₹0.00040.  
- **Volume trends**: Continued volume growth above 100% could signal further price volatility.  
- **Regulatory signals**: Any Chinese regulatory clarification on meme‑coin trading could shift sentiment quickly.

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.

## Sources
1. Coinbase — [Shiba Inu Coin (SHIB) Price RUB Today, News, Charts... | Coinbase](https://www.coinbase.com/price/shiba-inu)
2. Wikipedia — [Shiba Inu - Wikipedia](https://en.wikipedia.org/wiki/Shiba_Inu)

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Cite as: TrendWatcher, "Shiba Inu drops 2% as trading volume spikes 114% in China", https://www.trendwatcher.in/article/3bb842fb-e6f6-4e6b-805d-5e5891b64c62