The meme-based cryptocurrency Shiba Inu (SHIB) recorded an impressive 2.38 trillion in transaction volume over the past 24 hours, according to data from IntoTheBlock. Although this figure may appear significant, it marks a notable decline from the 4.54 trillion transactions recorded on March 31. Currently, Shiba Inu prices remain in the red, raising questions about the sustainability of its previous hype. While transaction volume can indicate investor interest, it does not always correlate with price movement. Traders and investors should monitor market sentiment as they evaluate the future of Shiba Inu, amidst fluctuating trends in the crypto space.