Despite the 11.6% drop to $0.00002417 amidst the slump of the broader cryptocurrency market, Shiba Inu (SHIB) is showing signs of resilience. Analyst Maximilian has pointed out key factors propelling SHIB to the $0.000031 mark. There is a remarkable surge in the trading volume too. SHIB’s trading volume has gone up to 164%, that is, $1.2 billion in 24 hours, marking 8.41% of its market cap. Additionally, there is a 201% in SHIB’s derivatives volume which is $369.97 million at the moment. This has occurred in spite of the downfall in open interest to $66 million. Moreover, Shiba Inu’s investor confidence has remained strong. Over 12,000 addresses are holding at least 1 billion SHIB tokens! Data from IntoTheBlock reveal that 73% of SHIB investors have also held their tokens for more than a year, indicating a long-term commitment irrespective of short-term market fluctuations.