Shiba Inu Sees 43% Surge As On-Chain Activity Reaches New Highs

Shiba Inu ($SHIB) has experienced an impressive surge of 43% over the past nine days, showcasing a significant increase in on-chain activity that outpaces many altcoins and other meme coins.

Key indicators such as trading volume, circulation, and whale transactions have all hit ten-week highs, reflecting heightened interest and fear of missing out (FOMO) among investors.

Additionally, SHIB’s social dominance has risen, suggesting that the buzz around the token is considerable, potentially signaling an approaching local top.