Major SHIB’s alternative token upgrade sparked up a trading frenzy, but the uptick has barely resembled on the charts yet..
Shiba Inu (SHIB) pushes through the hardships of the current crypto market dip with a hefty trading volume, but crypto market observers are concerned about this implying a sell-off. Upon further research, it was found out that the 115% trading upswing was tied to Doge Killer’s (LEASH) migration, as noted in a recent X message from Shibizens.
With a new external auditor and a public testnet planned before launch, LEASH v2 is set to bring in new exchanges, adding to the Shiba Inu ecosystem’s DeFi liquidity. A bug bounty activity ahead LEASH V2 is expected to test out the last bits before launch.
SHIB Trading Volume Picks Up, So Why’s Price Lagging?
Shiba Inu (SHIB) has been riding the bearish wave along with the rest of the blue-chip altcoins this month, sliding by 8.4% in a 30-day window. On the brighter note, a 115% uptick in Spot trading volume, generating over $356 million in SHIB trades, sparked hopes of an impending rebound that could send SHIB back above the key resistance of $0.000014.
This liquidity cluster is extremely important for the SHIB Army, as it contains 558 trillion of SHIB, the majority of circulation. Large crypto holders, otherwise known as whales, can showcase the decisive sentiment in the short term around this range, which has been unclaimed since August 14, 2025. With the CMF-scaling meter in negative territory, whale support is lacking.
Within a sideways price movement this week, Shiba Inu (SHIB) is now changing hands slightly above the mid-tier Bollinger Band (BOLL), portrayed in blue color in the chart above. If SHIB persists to bounce back past the red-label BOLL envelope of $0.000013, the likelihood of the $0.000014 resistance cluster to boost Shiba Inu to a new monthly high becomes very plausible.
While the trading volume got slashed in half to $182 million on Wednesday, Shiba Inu’s (SHIB) price saw a slight rebound of 1.5% to consolidate around $0.0000125. Meanwhile, Doge Killer (LEASH) dipped 41% amidst the V2 migration news, now sitting very close to quarterly lows at $45, according to the freshest CoinGecko’s price stats.
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