Despite Shibarium’s transaction slowdown, new on-chain data shows a 300% surge in SHIB transfer volume, with analysts suggesting accumulation may signal a potential market bottom.
Shiba Inu has seen a 300% spike in on-chain transfer volume, rising from 1.13 trillion tokens on August 24 to 4.25 trillion on August 25, according to Etherscan. Despite fewer transactions, the larger transfer sizes indicate possible whale activity. By August 27, volumes eased to 3.26 trillion with 4,811 transactions. SHIB is consolidating near $0.0000126. Analyst Kamran Asghar highlighted accumulation patterns similar to previous phases that led to rallies of 1,154% in 2021 and 501% in 2024, predicting a potential breakout toward $0.00009, which would represent a 614% surge.