Shiba Inu (SHIB) has seen a surge in on-chain volume, notably from Coinbase transactions accounting for 10%. Recently, Coinbase's hot wallet executed two substantial transactions totaling 260 billion SHIB, valued at approximately $402 million. This activity suggests renewed interest or significant fund redistribution among large holders. Analysis shows an increase in large transactions, potentially involving institutional investors reacting to market changes. Despite SHIB facing downward pressure on the SHIB/USDT chart, the recent spike in transaction volume indicates increased liquidity and investor attention, hinting at a potential market stabilization or turn around.
