SHIB Slips in Coinbase Volume Rankings After Topping the List for 2 Weeks

Posted on by American Coins & Gold

SHIB Slips in Coinbase Volume Rankings After Topping the List for 2 Weeks
Recent speculative excesses in meme token shiba inu (SHIB), which raised concerns about the broader market health, appear to be cooling, Coinbase’s volume breakdown for the week ended Nov. 19 shows.SHIB accounted for 6.72% of the total turnover on the Nasdaq-listed crypto exchange, slipping to third position behind bitcoin and ether, Coinbase Institutional’s weekly email dated Nov. 19 shows.The self-proclaimed dogecoin killer topped Coinbase’s volume rankings in the preceding two weeks, contributing 16.6% to total activity in the seven days to Nov. 11 and 25% in the seven days to Nov. 5.“In terms of the volume breakdown, BTC and ETC…