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Shiba Inu: 560% trading boom on Kraken despite price collapse!
On October 9, 2025, Shiba Inu (SHIB) recorded a 560% increase in trading volume on Kraken, despite bearish price trends.
Shiba Inu: 560% trading boom on Kraken despite price collapse!
On October 9, 2025, the popular memecoin Shiba Inu (SHIB/USD) showed notable activity on the Kraken cryptocurrency exchange. In just an hour, SHIB/USD saw a staggering 560% increase in spot trading volume, pushing trading activity on Kraken to a total of $14,690. Despite this significant increase, the broader crypto market was predominantly red on Saturday morning, indicating difficult market sentiment.
However, the price development of Shiba Inu was less encouraging. In the last 24 hours, the price decreased by 1.16% and reached $0.0000129. This negative development reflects a weekly decline of 10.84%. Additionally, Shiba Inu's total trading volume in the last 24 hours was $166.92 million, representing a decrease of 23.35% compared to the previous day.
Market sentiment and future outlook
Despite the price drop, Shiba Inu’s funding rate is showing positive signs. The 0.0018% value indicates bullish market sentiment. A positive funding rate means that the prices of perpetual futures contracts are above the underlying spot price, indicating high leverage in long positions.
On Friday, the price of Shiba Inu fell from $0.00001356 to $0.00001279, continuing a downward trend that began on September 18 when the coin hit a high of $0.0000136. On Saturday, the price temporarily fell to a low of $0.00001278 before buyers returned to the market and initiated a recovery.
The rally reached a high of $0.000013, but additional buying pressure is needed to push the price further higher. Analysts and investors are closely monitoring developments as the market continues to be characterized by volatility.
Shiba Inu's significant trading activity on Kraken and the various price movements reflect how strongly the crypto market reacts to news and trends. As buyers become active again, it remains questionable whether this will result in a sustained price increase or whether the market will continue to be characterized by uncertainty.
For more details and current developments on Shiba Inu, you can view the full report U.Today see.