Shiba Inu daily turnover down 75.8% year on year, half of Dogecoin's activity
- —SHIB 24-hour turnover at $63.5M vs $262M a year ago, down 75.8%
- —SHIB market cap fell 53% to $2.98B; price at $0.00000504
- —SHIB turnover ratio 2.26% versus Dogecoin's 4.87%
- —Dogecoin turnover fell 85.6% year on year to $648.8M
Why it matters: Thinner order books make SHIB more sensitive to selling pressure, with euro-pair spreads varying by a factor of 15 across venues.
Source: CryptoTicker