Shiba Inu trading volume drops 75 percent over twelve months according to market data
Daily trading turnover for Shiba Inu has contracted significantly faster than its market capitalisation, reducing overall liquidity depth compared to the prior year.
Daily trading volume for Shiba Inu dropped to approximately 63.5 million dollars on October 14, representing a 75.8 percent decrease compared to the 262.0 million dollars recorded on the same date a year earlier, according to CoinGecko data. Over the same period, the token's market capitalisation contracted by 53.0 percent, moving from 6.333 billion dollars to 2.979 billion dollars.
The token traded at 0.00000504 dollars, reflecting a 3.0 percent decline over 24 hours, a 6.2 percent drop over seven days, and a 53.0 percent annual reduction. Of the 589.24 trillion tokens in circulating supply out of a total 589.50 trillion, approximately 12.6 trillion tokens changed hands within the 24-hour window.
The 7-day average turnover ratio fell from 3.10 percent last year to 2.26 percent. The piece points out that when trading volume contracts more steeply than total market valuation, order book depth diminishes, making the token more sensitive to larger sell orders.
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