Shiba

Epic

Shiba Inu

Zero

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In a remarkable turn of events, the&nbsp;<a href="https://u.today/shiba-inu-shib-set-to-break-history-with-this-next-move" rel="noopener noreferrer nofollow">Shiba Inu</a> token, SHIB, has experienced an unprecedented surge in on-chain activity, as reported by blockchain analytics firm&nbsp;<a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=all&amp;chart=all" rel="noopener noreferrer nofollow">IntoTheBlock</a>.
The standout highlight of this surge is the jaw-dropping 454.38% increase in large SHIB transactions valued at $100,000 or more, all within the span of a mere 24 hours. This surge translated into a staggering leap of $35.97 million among large SHIB transactions, accounting for approximately 4.51 trillion SHIB tokens. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="50319529-6f9f-4051-9410-dd9c7dc76d2b" src="https://u.today/sites/default/files/inline-images/shshshshshhs.png">Source: <a href="https://app.intotheblock.com/coin/SHIB/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">IntoTheBlock</a>
Consequently, the overall daily transaction volume of SHIB reached an astounding 5.78 trillion, equivalent to $46.12 million.
<h2 dir="ltr" id="shib-price-hits-roadblock">SHIB price hits roadblock</h2>
However, amid this surge in on-chain activity, the&nbsp;<a href="https://u.today/shiba-inu-shib-sees-massive-36-million-transfer" rel="noopener noreferrer nofollow">Shiba Inu token</a> faced challenges in its price dynamics. Despite a notable 12.5% rise last week, this week started less impressively for SHIB. Attempts to break through the major price range of $0.000008 faltered.
One may suggest that the current price chart indicates accumulation after a strong price rise, hinting that this setback might be temporary. <img alt="&quot;&quot;" data-entity-type="file" data-entity-uuid="1d24ffc2-eaa6-433d-9fab-0a075cc620aa" src="https://u.today/sites/default/files/inline-images/SHIB_7D_graph_coinmarketcap%20%283%29_0.jpeg">SHIB to USD by <a href="https://coinmarketcap.com/currencies/shiba-inu/" rel="noopener noreferrer nofollow">CoinMarketCap</a>
The SHIB token's future trajectory remains uncertain, with its price movement closely mirroring the broader cryptocurrency market. Today marks the closing of the monthly candle, and a bullish closure might indicate a stabilizing trend for&nbsp;<a href="https://u.today/shiba-inu-this-crypto-exchange-announces-millions-of-shib-giveaway" rel="noopener noreferrer nofollow">SHIB</a>.
While the token struggles to erase another zero from its price, the recent on-chain surge signifies growing interest and activity within the SHIB community. Whether this spike in on-chain activity will translate into a sustained upward movement for the token remains to be seen.

Shiba Inu Sees Epic 455% On-Chain Spike But Struggles to Erase Another Zero From SHIB Price

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