Shiba Inu volume spikes 120% even as its price dips, showing surprising activity during the ongoing crypto market crash.
With a 120% volume rise, Shiba Inu is painting an unexpected picture as the cryptocurrency market enters another volatile phase.
Contrary to the claims of many experts that these meme-inspired cryptocurrencies would not fare well, investors’ enthusiasm is soaring even though the meme coin has encountered turbulence in the current chaotic market.
Let’s talk about the factors driving today’s SHIB trade activity.
Despite Crypto Market Crash, Shiba Inu Volume Soars By 120%
According to data from CoinMarketCap, there has been a notable increase in Shiba Inu volume today.
It has increased by around 120% daily, reaching $360.13 in total trading volume.
SHIB was notably at a similar level earlier in the week, but the market is collapsing while Shiba Inu volume is soaring, making it much more noteworthy.
More significantly, following a roughly 2% drop, the price of SHIB is currently down at $0.00001233, much like Bitcoin and the other cryptocurrencies.
The drop comes after a significant market correction, but the recent changes on the LEASH token migration to LEASH V2 caused the Shiba Inu volume spike.
Notably, the move would implement a fully audited fixed supply model and resolve a few significant problems.
Additionally, it will include support from cryptocurrency exchanges, an external audit, and a burn-to-claim migration.
LEASH Update
Five years ago the original dev left behind a hidden rebase path that caused the recent supply glitch. The current team is fixing it with LEASH v2 which is a fully audited fixed supply design with no minting risks.
🔸 Migration will be fair through burn to claim
🔸… pic.twitter.com/YOaRqW1tXJ— Shibarium | SHIB.IO (@Shibizens) August 25, 2025
Additionally, Shibburn points out that 3,743,880 SHIB tokens were burned today, which decreased the overall supply and increased demand.
Cryptocurrency Market Crashed, Liquidating $830 Million In One Day
The recent plunge in the price of Bitcoin has caused a significant correction in the primary cryptocurrency market.
It crashed due to an original Bitcoin whale selling 24,000 BTC in the late hours of Sunday.
The subsequent actions of other investors added significant downward pressure to the market.
Consequently, $830 million has been removed from the market, with the most significant losses being in Ethereum ($295.70 million) and Bitcoin ($272.36 million).
One hundred sixty-five thousand eight hundred forty-three traders were impacted by the liquidation of other altcoins, including SOL, DOGE, and others.
Notably, the decline occurred the day after Jerome Powell’s Jackson Hole address, in which he alluded to a reduction in interest rates, which caused the price of cryptocurrencies to spike.
That changed, though, and affected SHIB, Bitcoin, and the other assets.
Shiba Inu may defy the trend with high trading volume, despite analysts predicting additional volatility this week owing to the Core PCE Price Index (YoY and MoM) release, Fed leaders’ speeches, and other factors.
