Shiba Inu (SHIB) is experiencing renewed interest after fresh data revealed a massive 300% spike in on-chain activity. The meme coin recorded one of its most significant surges in transaction volume in months, indicating a possible sign of the market bottoming as large holders seemingly prepare for the next leg.
Shiba Inu Sees Explosive On-Chain Growth
Shiba Inu’s on-chain activity has erupted in recent days, with token transfer volumes recording a major increase. According to Etherscan’s data, on August 25, SHIB’s transfer volume surged over 4.25 trillion tokens, representing a 300% increase from the 1.13 trillion recorded the previous day. This sudden rise highlights renewed liquidity flows and investor participation, possibly signaling that Shiba Inu may be gearing up for a market bottom.
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