The Shiba Inu (SHIB) ecosystem is making headlines once again as on-chain activity surges, pushing the memecoin back into the spotlight. On June 30, SHIB recorded over 1.2 trillion tokens in total on-chain transaction volume—marking one of the highest levels in its history and reactivating what the crypto community refers to as the “Trillionaire Club.” This milestone signals a resurgence in retail participation, increased wallet-to-wallet transfers, and renewed market confidence.
👉 Discover how high-volume tokens like SHIB are shaping the future of decentralized ecosystems.
A Strong Recovery From Recent Lows
After hitting a June low of $0.00001015**, Shiba Inu began a quiet but powerful recovery, climbing to nearly **$0.00001744 by July 3—a gain of approximately 72% in under 10 days. This rally wasn’t just a flash in the pan; it represented a technical breakthrough as SHIB moved above its 26-day Exponential Moving Average (EMA) for the first time since May.
The price surge followed a breakout from an ascending trendline drawn from late June’s lows, suggesting that bullish momentum may be regaining control despite resistance from longer-term EMAs. While the 50-day EMA (~$0.00001905)** and **100-day EMA (~$0.00001948) remain overhead, the upward trajectory indicates growing buyer interest at higher price points.
On-Chain Activity Signals Renewed Momentum
Data from IntoTheBlock confirms that on-chain activity for SHIB spiked dramatically on June 30, with transaction volume reaching about 1.2 trillion tokens—a figure rarely seen outside major market movements. This surge is more than just a number; it reflects real user engagement.
When retail investors begin moving large volumes of tokens between wallets, it often precedes increased volatility and trading action. In this case, the spike in volume aligns with a more than 40% increase in 24-hour spot trading volume across centralized exchanges, suggesting that many of these transferred tokens are now entering or exiting order books.
Such coordination between on-chain movement and exchange activity strengthens the argument that this rally is driven by organic demand rather than isolated speculation.
What Is the 'Trillionaire Club'?
The term "Trillionaire Club" has become shorthand in the crypto space for memecoins or tokens that process over one trillion units in daily on-chain transaction volume. For context, due to their extremely low per-unit prices, tokens like SHIB and Dogecoin often see massive nominal transaction volumes even when dollar values remain modest.
Being part of this club doesn't imply wealth creation in traditional terms—it's more a cultural and technical indicator of network usage. High volume suggests active trading, staking, or redistribution among holders, all signs of a vibrant, if speculative, ecosystem.
👉 See how blockchain networks with high transaction throughput are evolving in 2025.
Key Support and Resistance Levels to Watch
While the recent momentum is encouraging, traders should keep an eye on critical technical levels:
- Immediate resistance: The 50-day and 100-day EMAs sit close together at $0.00001905** and **$0.00001948, respectively. A sustained break above both could trigger further buying pressure.
- Next target zone: Should SHIB overcome these hurdles, the path opens toward $0.00002130, a region representing a significant supply zone where large sell orders may be clustered.
- Bullish confirmation: Closing above $0.00002130 would likely attract algorithmic and institutional interest, potentially accelerating upward movement.
Conversely, if on-chain volume begins to decline while price remains elevated, it could signal a weakening foundation—an imbalance between price action and actual network utility.
Broader Market Alignment Boosts SHIB’s Outlook
Shiba Inu’s resurgence isn’t happening in isolation. It mirrors broader strength across the altcoin market, particularly among smaller-cap digital assets benefiting from rolling capital inflows. With Bitcoin (BTC) and Ethereum (ETH) maintaining stable or upward trends, risk appetite has improved across the board.
When BTC and ETH lead with consistent performance, capital often spills into mid- and low-cap tokens like SHIB—a phenomenon known as “altseason lite.” If macro conditions remain favorable, SHIB could continue gaining traction not just from retail traders but also from yield-seeking investors exploring DeFi integrations within the Shiba ecosystem.
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Frequently Asked Questions (FAQ)
What does "Trillionaire Club" mean in crypto?
The term refers to memecoins or low-priced tokens that exceed one trillion units in daily on-chain transaction volume. It’s a symbolic benchmark indicating high user activity, though not necessarily high dollar value.
Why did SHIB’s price increase recently?
SHIB’s price rose due to a combination of factors: a technical breakout above key moving averages, a surge in on-chain transaction volume (1.2 trillion tokens), and rising spot trading volume—indicating renewed investor interest.
Is high transaction volume always bullish for SHIB?
Not necessarily. High volume is positive only if sustained. If volume drops while price stays high, it may indicate weak underlying support and potential for a pullback.
Can SHIB reach $0.00002 again?
Reaching $0.00002 is within reach if current momentum continues and SHIB breaks above the 50-day and 100-day EMAs. The next major target lies near $0.00002130, pending broader market support.
How does Bitcoin affect SHIB’s price?
Bitcoin acts as a market bellwether. When BTC shows strength, capital often flows into altcoins like SHIB. Conversely, a BTC downturn typically pressures smaller-cap tokens.
Should I invest in SHIB based on this rally?
Always conduct independent research and consult financial experts before investing. While recent data is promising, memecoins like SHIB are highly volatile and speculative.
👉 Learn how to analyze crypto trends before making your next move.
Final Thoughts: Momentum Building, But Caution Advised
Shiba Inu’s return to the Trillionaire Club underscores a notable revival in network engagement and trader sentiment. The 72% price rebound from June lows, coupled with record-breaking on-chain volume, paints a picture of growing momentum.
However, sustainable growth depends on more than short-term spikes. Consistent volume, broader market strength, and successful navigation of key resistance levels will determine whether this rally evolves into a lasting uptrend or fades as quickly as it emerged.
For now, all eyes are on $0.00001948—and beyond.