Shiba

Rally

Epic

Shiba Inu

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<a href="https://www.shibariumscan.io/" rel="noopener noreferrer nofollow">Shibarium</a>, the innovative blockchain project from the Shiba Inu team, has witnessed an extraordinary surge in transaction activity over the past 24 hours, setting the SHIB community abuzz. The project recorded a staggering 18,530 transactions during this period, marking a remarkable 54% increase compared to the previous day.
The surge in Shibarium's transaction activity coincides with an intriguing price action scenario surrounding the&nbsp;<a href="https://u.today/shib-burn-rate-jumps-7700-as-shiba-inu-price-aims-new-move" rel="noopener noreferrer nofollow">Shiba Inu token (SHIB)</a>. For the past four days, SHIB has been hovering near the critical resistance level of $0.000008 per SHIB, tantalizing investors with the prospect of a breakout that has yet to materialize. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="8dd1f61e-e907-4642-8e9d-dc51c0cf8140" src="https://u.today/sites/default/files/inline-images/SHIB_1Y_graph_coinmarketcap%20%282%29.jpeg">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
Adding to this, the SHIB token has already experienced an impressive 12% price surge this week, marking its most significant weekly increase since July's end.
<h2 dir="ltr" id="bull-rally-or-trap">Bull: Rally or trap?</h2>
Crypto enthusiasts are cautiously optimistic about the&nbsp;<a href="https://u.today/shiba-inu-lead-kusama-teases-significant-changes" rel="noopener noreferrer nofollow">SHIB</a> price chart, which appears to have a bullish undertone. To truly ignite a bullish rally, it is imperative for SHIB to break through and sustain a price range between $0.000008 and $0.0000084 per Shiba Inu token.
The question on everyone's mind is whether this scenario will materialize or if it is merely a bull trap. Only time will provide the answer.
However, on-chain statistics, as reported by&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>, reveal an uptick in activity among large SHIB holders, with a whopping 265% overnight increase in large SHIB transactions volume. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="50c4be08-3296-43b7-a6be-4c90987f8f71" src="https://u.today/sites/default/files/inline-images/shshshhs.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">IntoTheBlock</a>
This surge in whale activity lends credibility to the notion of increased interest to Shiba Inu.
As the market eagerly awaits the next move, all eyes are on&nbsp;<a href="https://u.today/shiba-inu-shib-bulls-ready-for-next-rally-heres-data-proof" rel="noopener noreferrer nofollow">Shiba Inu</a> as it inches closer to a potentially game-changing breakthrough.

Shiba Inu (SHIB) Teasing Major Price Point Causes Epic Shibarium Activity Spike

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