Shiba Inu (SHIB) saw a significant surge in trading volume over the past 24 hours, with 2.38 trillion SHIB transacted according to IntoTheBlock data. This figure represents a notable increase but is down from the 4.54 trillion SHIB recorded on March 31st. Despite this activity, SHIB’s price has dipped by nearly 3%, mirroring broader market weakness in the last 24 hours. 1.67 trillion SHIB involved large transactions exceeding $100,000, hinting at potential whale activity – whether accumulation or selling – as seen by a decrease in large transaction volume to just $21.25 million, down 53.32% compared to the previous 24 hours. Currently, SHIB is trading at $0.00001236, down 2.82% over the last 24 hours and 20% this week. The market downturn has impacted SHIB’s price action, with its ability to maintain a stable footing facing challenges despite recent on-chain activity. Shiba Inu holders have seen a decline in active addresses – down 32.84% within the last 24 hours, per IntoTheBlock data. Despite this recent rebound after five days of dropping on April 1st to highs above $0.00001314, SHIB has reversed its gains and is currently trading at a lower price point.