Shiba Inu (SHIB) Trading Volume Drops 20% as Liquidity Fears Rise

Shiba Inu (SHIB) has seen its price firm up, but market activity is cooling. Over the past 24 hours, SHIB trading volume fell about 20% to $130.3 million, while the token price rose 1.4% to around $0.000006205. The article notes SHIB is up 6.5% on the week, but slightly down on the month. Lower volume can signal reduced conviction from both retail and institutional traders, though it does not automatically confirm a liquidity crunch. Still, analysts point to SHIB reserves dropping on centralized exchanges as a potential risk factor. Since early March, traders have withdrawn more SHIB from exchanges; as of March 4, roughly 80.4 trillion SHIB remained on all exchanges. On the other hand, the story highlights supportive on-chain signals for SHIB. An anonymous wallet added about 120 billion SHIB within 48 hours, and Arkham Intelligence data suggests the wallet holds roughly $12.6 million in assets, with SHIB taking a significant share. Holder growth is also cited: by March 25, total SHIB holders rose to 1,558,200, adding roughly 8,500–12,000 new wallets per month. Technicals described in the article suggest SHIB has formed a local bottom after an 88% drop from its 2024 high. Support is cited near $0.00000575, with resistance between $0.00000615 and $0.00000620. A breakout could target around $0.0000063.