SHIB (Shiba Inu) Rockets 72% as Trading Volume Hits Trillionaire Club Again

Shiba Inu (SHIB) just made a huge comeback, smashing through the trillion-token trading volume mark on June 30th. The meme coin has surged an impressive 72% in less than 10 days, jumping from $0.00001015 to nearly $0.00001744.

SHIB Trading Activity Goes Through the Roof

SHIB's return to what traders call the "Trillionaire Club" is pretty massive news. Data from IntoTheBlock shows that on June 30th, SHIB's total transaction volume hit about 1.2 trillion tokens - one of the biggest numbers the network has ever seen.

This isn't just some random pump either. When you see this much wallet-to-wallet action, it usually means real traders are moving serious amounts of tokens around. That's often a sign that bigger price moves are coming.

What's even more interesting is that spot trading volume on major exchanges jumped over 40% in just 24 hours. That tells us people are either buying in hard or taking profits - either way, there's real money flowing.

Shiba Inu Breaks Key Technical Levels

From a chart perspective, SHIB is finally doing what bulls have been waiting for. The token broke above its 26-day moving average (around $0.00001721) for the first time since May. That's a big deal because it shows buyers are willing to step in at higher prices.

After weeks of going nowhere, this breakout suggests the downtrend might actually be over. But SHIB still has some work to do. The 50-day moving average sits at $0.00001905, and the 100-day is at $0.00001948. If SHIB can push past both of these, the next target is around $0.00002130.

SHIB Riding the Altcoin Wave

SHIB's rally isn't happening in a vacuum. The whole altcoin space is heating up as Bitcoin and Ethereum keep pushing higher. When the big coins do well, money usually flows into smaller tokens like SHIB.

The key question now is whether this momentum can stick around. For SHIB to keep climbing, it needs to maintain both the crazy high trading volumes and the technical breakouts we're seeing. If the on-chain activity drops off while prices stay high, that could be a red flag.

But if SHIB can keep up this trillionaire-level trading activity while breaking through resistance levels, we might be looking at a much bigger move ahead. The return to the Trillionaire Club isn't just about hitting big numbers - it shows SHIB still has serious network activity backing it up.