Shiba Inu (SHIB) Trading Volume Crosses $5.6 Billion, US Senate Candidate Calls it a Big Deal
Shiba remains strong over time.
Shiba Inu’s ($SHIB) price has been consolidating above the $0.00005 mark for nearly two weeks now but despite the lost price momentum, the popularity of the meme currency has not faded. The altcoin registered a massive $5.6 billion in trading volume only behind Bitcoin ($BTC) and Ethereum ($ETH).
The massive trading volume spike caught the eye of US Senate candidate Shannon Bray, who has come out as an avid $SHIB supporter recently. Bray called the massive trading volume a big deal in a quoted tweet. Earlier the US Senate candidate has changed his Twitter header photo to a Shiba Inu poster.
Wow … That’s kind of a big deal. Time to check the chart and get some rest. https://t.co/mP1nWQsxEx
— Shannon Bray (@ShannonBrayNC) November 12, 2021
Shiba Inu ($SHIB) managed to recover above $0.00005 after retracing to a weekly low of $0.000046 during the recent flash crash in the crypto market. The $SHIB price hasn’t had the same momentum it showcased in October as it rose by 1,000% last month. It has lost nearly 5o% of its all-time high (ATH) of $0.000089 and currently trading at $0.0000525.