Gushiken Yona
Shiba Inu Treat (TREAT) is on fire. Trading volume erupts 213%, sending shockwaves through the market as bulls seize control. Price action intensifies, signaling a potential breakout for Shiba Inu’s powerhouse token.
Shiba Inu Treat Spot Volume Explodes Over 200%
The surge is undeniable, reflected clearly in recent spot market performance. Data from CoinMarketCap shows Shiba Inu Treat posting a solid 4.65% gain over the past 24 hours, pushing its price towards $0.005552 at the time of writing. While the percentage gain is notable, the real story lies in the underlying activity driving this move.
Fueling the rally is an extraordinary explosion in trading volume. Over the last day, TREAT’s 24-hour spot volume skyrocketed by a staggering 219.25%, reaching approximately $3.76 million. This dramatic influx of trading activity suggests a powerful wave of buying pressure and renewed investor focus on the token, pushing its market capitalization towards $5.06 million.
Such a massive volume spike accompanying positive price action is often interpreted by market analysts as a strong bullish confirmation, indicating widespread interest and potentially signaling the start of a more significant upward trend. It suggests traders aren’t just passively watching; they’re actively accumulating TREAT.
While still relatively nascent compared to larger assets, TREAT’s derivatives market is also showing clear signs of awakening interest, mirroring the spot market’s enthusiasm. Data sourced from Coinglass highlights a significant percentage jump in derivatives trading volume.
Shiba Inu Treat Derivatives Show Growing Interest Despite Low Base
Over the past 24 hours, TREAT derivatives volume surged by an impressive 166.97%. Simultaneously, Open Interest (OI), which measures the total value of outstanding futures contracts, climbed by 9.55% to $19,240. Although the absolute dollar values remain modest, these percentage increases point towards growing engagement from speculative traders.
The 24-hour long/short ratio sits slightly below parity at 0.926, suggesting a marginal bearish tilt in aggregate positioning. However, liquidation data shows virtually no leveraged positions being wiped out ($0.57 total), indicating that current derivatives activity involves very low leverage, typical for an emerging market.
TREAT’s Core Utility in Shib OS Underpins Bullish Sentiment
Beyond the immediate market frenzy, TREAT’s fundamental role within the comprehensive Shiba Inu Operating System (Shib OS) provides a compelling narrative for investors. TREAT is not just another token but was designed as a key utility asset, granting access to crucial infrastructure like the high-speed Shib Alpha Layer and advanced privacy features powered by FHE (Fully Homomorphic Encryption) across identity, transactions and Layer 3 solutions.
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Yona has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Daily is an official media and publication of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
