A significant surge in Shiba Inu (SHIB) transaction volume has captured attention, jumping from $22.84 million to an impressive $93.56 million in a single day, according to IntoTheBlock’s data. This dramatic increase translates to 7.37 trillion SHIB exchanged, marking a noteworthy event compared to the average daily trading activity of just over 36 million US dollars observed last week. Despite minimal price fluctuations, this surge is notably higher than the seven-day low recorded on May 1st, which saw only 1.09 trillion SHIB traded at $14.69 million. While transaction volume did increase significantly, it’s noteworthy that user transactions per user didn’t show a proportionate rise. The sudden spike in trading activity raises questions about whether it signals larger price movements or an internal shift in funds by significant holders. Whether this is a sign of future price increases or just large investors shifting their holdings remains to be seen, however the recent spike in volume has certainly re-energized interest in Shiba Inu within the cryptocurrency market.