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Shiba Inu trading volume surged 109% to $334 million in the last 24 hours, while the token fell about 3.85% amid $749 million in market liquidations triggered by a 24,000 BTC whale sell-off; LEASH migration plans aim to fix a prior supply glitch with a planned audited LEASH v2 migration.
Shiba Inu trading volume: +109% (24h), $334M
Bitcoin whale sold 24,000 BTC, prompting $749M in crypto liquidations
LEASH migration to v2 planned: audited fixed-supply design, burn-to-claim, public testnet
Shiba Inu trading volume spikes 109% to $334M; check LEASH v2 migration details and market impact — read the full report now.
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What is Shiba Inu trading volume doing today?
Shiba Inu trading volume jumped 109% in the last 24 hours to $334 million, signaling heightened trading activity despite price weakness. The spike in volume coincided with a market-wide sell-off that produced roughly $749 million in liquidations and pressured SHIB’s price lower.
How did the Bitcoin whale sell and liquidations affect Shiba Inu?
On the same session, a whale sell of 24,000 BTC intensified volatility and triggered large-scale liquidations estimated at $749 million. That abrupt sell-off reversed earlier gains from Fed Chair Powell’s remarks and pulled altcoins, including Shiba Inu, down—SHIB slid 3.85% in 24 hours to $0.00001244.
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Shiba Inu Trading Volume,Courtesy: CoinMarketCap
Why is Shiba Inu price falling despite higher volume?
Higher volume can reflect both buying and selling pressure. In this case, trading volume rose as selling intensified during the BTC-led liquidation event. Short-term sentiment turned bearish after the whale sale and ahead of July core personal consumption expenditures data, reversing earlier gains tied to Powell’s comments.
What is happening with LEASH migration and the supply glitch?
Shiba Inu developers disclosed a legacy rebase path in the original LEASH code that created a supply anomaly. The team proposes migration to LEASH v2, a fixed-supply design with no minting risk. The migration plan includes burn-to-claim mechanics, an external audit, a public testnet, and a bug-bounty phase.
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Frequently Asked Questions
How long did the volume spike last and does it indicate a trend?
Volume spiked within the last 24 hours and reflects a short-term surge tied to the whale event and liquidations. Sustained trend confirmation requires follow-up sessions showing consistent high volume and directional price movement.
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Will exchanges support LEASH v2 migration?
Developers report active discussions with exchanges to support the swap. The plan includes an audited contract, public testnet, and clear migration steps to improve exchange readiness and user safety.
Key Takeaways
Volume surge: Shiba Inu trading volume rose 109% to $334M, signaling unusually high activity.
Market driver: A 24,000 BTC whale sale caused roughly $749M in liquidations, pressuring SHIB’s price.
LEASH migration: LEASH v2 aims to fix supply issues via audited fixed-supply design, burn-to-claim, public testnet, and exchange coordination.
Conclusion
Shiba Inu’s trading volume spike to $334M and the concurrent price drop reflect elevated market stress from a major BTC liquidation event. Developers’ LEASH v2 migration plan aims to remedy a legacy supply issue through audit-backed, burn-to-claim mechanics. Monitor official COINOTAG updates and on-chain metrics as migration details and exchange support are confirmed.
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