SHIB on-chain activity ticks 1.3x above its own baseline but stays below the on-fire threshold

A 30% activity spike over the asset's typical cadence points to warming attention, not a full regime change.

Over the last hour, SHIB settled 22 transfers totaling $549.8K while activity ran 1.3x the asset's own baseline. That ratio signals the network is busier than normal, yet the result of the spike test lands below the minimum threshold typically associated with breakout attention.

The relationship between elevated baseline intensity and moderate volume suggests a growing crowd without conviction-sized flows.

The spike is real but contained. Whether it fades or builds will depend on if SHIB sustains above-baseline activity through the next hourly window.