Data shows Shiba Inu's metrics surged with the coin's 34% rise, indicating potential FOMO among investors. The rally accompanied increased trading volume, unique token transactions, and whale activity.
According to Santiment, these indicators' sharp uptick suggests heightened network activity, usually a positive sign for continued price moves.
However, the extreme surge and increased social media discussions hint at traders getting overly excited, possibly signaling a rally peak.
Santiment advises caution, recommending traders wait for the high bullish narratives to subside.
Shiba Inu recently surpassed $0.0000195, continuing its upward trend.
