N4B on-chain activity explodes to 13.2x its own baseline
Attention is suddenly concentrated. N4B is not just busy; it is running at a regime that dwarfs its normal rhythm.
Over the last hour, 28 transfers swept through N4B, moving $416.2K. That activity rate is 13.2 times the asset's own historical baseline. This is not a gradual build. It is a sharp rupture in the pattern, clearing every statistical threshold for elevated on-chain attention.
The volume itself is modest in absolute dollar terms, but the spike relative to its own quiet history is what matters. When an asset's activity multiples while staying above minimum thresholds, it signals that something changed in the coordination around that token.
A 13.2x baseline spike suggests genuine, unusual attention rather than noise. Whether it persists or mean-reverts in the next hourly window will separate a fleeting anomaly from a sustained regime shift.