SHIB (Shiba Inu) rose 3.22% in 24 hours

Gate News Bot消息，August 21, according to CoinMarketCap data, as of the time of writing, SHIB (Shiba Inu) is currently priced at $0.0000126091, having risen 3.22% in the last 24 hours, with a peak of $0.0000141749 and a low of $0.0000120623. The 24-hour volume reached $201 million. The current market capitalization is approximately $7.43 billion, an increase of $232 million compared to yesterday.

Shiba Inu (SHIB) is a decentralized ecosystem focused on providing Web3 solutions. Its core technologies include the Shibarium blockchain, Alpha Layer scaling solutions, DeFi applications, NFTs, and metaverse projects. The SHIB ecosystem aims to provide transformation tools from Web2 to Web3 for governments, enterprises, and individuals.

Important recent news about SHIB:

1️⃣ Large-scale transfers attract market attention A large transfer involving 30 trillion SHIB (approximately 37.8 million USD) has attracted widespread attention in the market. The funds were moved from a large wallet, sparking speculation about the potential price impact on SHIB. Large transfers are often seen as important indicators of market sentiment and may signal upcoming price fluctuations.

2️⃣ SHIB Ecosystem Expansion Plan The SHIB team is actively promoting its expansion plans on mainstream blockchains such as Base and Solana. This strategic initiative aims to enhance SHIB's cross-chain interoperability and broaden its application scenarios, thereby strengthening SHIB's competitiveness in the DeFi and Web3 sectors. The diversified development of the ecosystem is expected to bring more users and liquidity to SHIB.

3️⃣ Volume surge drives price rise SHIB has recently experienced a significant rise in volume, with a single-day trading volume once exceeding 4.8 trillion tokens. This unusually active trading activity has pushed the SHIB price above the 200-day moving average, forming a short-term pump trend. The surge in volume is often seen as a signal of increased market interest, which may indicate that more investors are entering or re-focusing on the SHIB market.

From a technical perspective, SHIB breaking through the 200-day moving average is an important bullish signal, but investors should remain cautious of potential short-term pullbacks. On the fundamental side, the ecosystem expansion plan that the SHIB team is continuously promoting may lay the foundation for its long-term development, but the specific implementation effects remain to be observed.

This message is not investment advice, and investors should be aware of market volatility risks.