Shiba Inu Sees 300% Surge In This Major Metric, Is The Bottom In?

Shiba Inu (SHIB) is experiencing renewed interest after fresh data revealed a massive 300% spike in on-chain ￰0￱ 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 ￰1￱ Inu Sees Explosive On-Chain Growth Shiba Inu’s on-chain activity has erupted in recent days, with token transfer volumes recording a major ￰2￱ 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 ￰3￱ sudden rise highlights renewed liquidity flows and investor participation, possibly signaling that Shiba Inu may be gearing up for a market ￰4￱ Reading: Shiba Inu 699,000% Imbalance: What Happened To Trigger It?

Interestingly, despite the dramatic surge in volume, transaction counts did not follow the same upward ￰5￱ shows that while August 24 saw 5,478 transfers, the number slightly declined to 5,355 on August 25, marking a drop of 123 ￰6￱ disparity suggests that the spike in Shiba Inu’s on-chain volume was not driven by a higher number of transfers, but rather by larger transaction sizes, indicating renewed whale activity or significant reallocations within the ￰7￱ of August 27, SHIB’s transfer volume slightly cooled to 3.26 trillion tokens, with transaction counts dropping significantly to 4,811. Despite this reduction, the metric still reflects a strong level of on-chain engagement compared to prior ￰8￱ the Shiba Inu price currently consolidating around the $0.000012 range, the recent surge in transfer volume may suggest that the market is finding its floor before the next expansion ￰9￱ Says SHIB’s Consolidation May Be Ending A new chart analysis by crypto market expert Kamran Asghar has added a fresh layer of optimism for Shiba Inu ￰10￱ his insights on X social media, Asghar hinted at the possibility that SHIB’s long-term consolidation may be coming to an ￰11￱ Reading: Shiba Inu Head And Shoulders Pattern Signals 540% Upshoot To New All-Time Highs The analyst noted that Shiba Inu’s accumulation pattern is strikingly similar to those of previous consolidation phases that preceded massive price ￰12￱ accompanying chart shows three distinct accumulation zones in the meme coin’s ￰13￱ first occurred before its 1,154.2% rally in late 2021, while the second phase led to a 501.23% surge in early 2024.

Now, Shiba Inu is trading within an extended accumulation zone again, and Asghar suggests this could be the setup for another explosive ￰14￱ the current pattern holds, the analyst predicts that the next breakout could see the meme coin’s price skyrocket toward $0.00009, marking a new all-time ￰15￱ of writing, Shibua Inu is trading at $0.0000126, meaning a rally to this projected target would represent a significant increase of approximately 614%. Featured image from Getty Images, chart from ￰16￱