- Shiba Inu shows accumulation signs, with Realized Cap Impulse nearing a positive turn and Alpha Price metric suggesting a 125% surge.
- Shibarium network rebounds as daily transactions jump 41% to 4.8 million, lifting total processed transactions beyond 1.54 billion overall.
- NUPL data reveals investors still holding losses, yet rising activity and accumulation patterns position Shiba Inu for possible renewed market attention.
Shiba Inu (SHIB) is entering a phase of accumulation, with on-chain signals pointing to a potential 125% price surge, even as investors remain cautious.
Accumulation Metrics Indicate Growing Potential
Crypto analyst Joao Wedson noted that Shiba Inu has entered an accumulation stage, supported by several key on-chain indicators. The Realized Cap Impulse metric, which often precedes market inflows, is nearing a positive shift. Such a move has historically aligned with price recoveries.
Wedson emphasized the role of the proprietary Alpha Price metric in tracking SHIB’s valuation. According to him, this level rarely gets surpassed but acts as a strong magnet for price action. Current readings suggest the potential for SHIB to gain by at least 125% if momentum strengthens.
Despite these signals, caution continues to reign as the Net Unrealized Profit/Loss (NUPL) metric displays a large number of holders still in loss. This factor continues to limit broader participation and continue to hinder many investors from committing new capital.
Shibarium Records Strong Transaction Recovery
Parallel to the accumulation trend, Shiba Inu’s layer-2 scaling network Shibarium has seen renewed transaction activity. Daily transactions, which had hovered around four million for several days, dropped sharply to 3.4 million on August 19.
The setback was quickly reversed as transactions surged by 41% within 24 hours, reaching 4.8 million. This rebound marked a strong return of engagement on the network following the temporary dip.
As per the latest Shibarium scan data, the network has processed 1,549,991,843 total transactions. In addition, the platform has confirmed 12,670,431 total blocks, and the total addresses have even increased to 268,154,473. These statistics indicate consistent adoption and usage of the network despite recent fluctuations.
Market Hesitation Meets Memecoin Potential
Shiba Inu’s current trajectory reflects both opportunity and hesitation. On-chain metrics indicate the potential for a substantial rally, yet market sentiment remains divided. Historically, memecoins like SHIB tend to gain attention during heightened speculative phases in the market cycle.
Wedson observed that when memecoins rise to prominence, it frequently coincides with late-cycle momentum. This dynamic positions Shiba Inu as a token that could capture strong interest when risk appetite expands further.
With Shibarium’s rising activity supporting the ecosystem and accumulation patterns forming on SHIB, the foundation for a price recovery is visible. Whether this evolves into a lasting rally will depend on market direction and a shift in investor confidence.
