SHIB Records Massive $48 Billion Trading Volume Over Recent 10-Day Period

Shiba Inu (SHIB), the popular dog-themed cryptocurrency, is once again stating its primary mission loud and clear: market domination. This ambitious goal is front and center as the project works to significantly evolve beyond its initial identity as a meme coin.

With a stated vision to compete with giants like Bitcoin (BTC) and Ethereum (ETH), Shiba Inu is doubling down on efforts to build a massive ecosystem and a highly active global community. The announcement follows a wave of optimism in the community and renewed focus on scaling up adoption, trading activity, and token utility.

The Shiba Inu team’s came in response to a post from community member Etherscan_Shib, who emphasized the rising number of holders for SHIB, BONE, and LEASH. Latest on-chain data confirms that SHIB itself has now surpassed 1.5 million holders.

Meanwhile, BONE and LEASH boast over 95,000 and 30,000 holders respectively. Despite having multiple tokens, the Shiba Inu ecosystem maintains a unified community, often referred to as the “ShibArmy.”

This community strength is also reflected in the project’s social media footprint. With approximately 3.93 million followers on X (formerly Twitter), Shiba Inu commands one of the most active followings in the crypto space. This robust support base has been a significant factor in the project’s ongoing push toward what it terms market leadership.

Besides community strength, Shiba Inu is actively working to transform itself from a meme token into a utility-driven project. The introduction of Shibarium, its layer-2 blockchain, decentralized finance platforms, and gaming projects These innovations aim to strip SHIB of its meme coin label and offer real-world use cases.

Consequently, SHIB alone reached $48 billion in trading volume over a 10-day period earlier this month according to Shib Bezos data, signaling growing market interest. The team remains determined to maintain this momentum and push trading volumes back into the billions.

Shiba Inu’s lead developer, Shytoshi Kusama, a goal for SHIB to rank among the top five cryptocurrencies by 2029. Currently sitting at the 16th position, SHIB has already proven its potential, having once peaked with a $40 billion valuation. Kusama’s strategy hinges on delivering lasting utility and increasing ecosystem adoption.

With a market cap of over $8.3 billion and a price ofas of press time, Shiba Inu shows both resilience and ambition.