The recent surge in SHIB's on-chain transaction volume can be viewed as a healthy market signal. Behind the massive transaction scale is market behavior involving both "whales" and retail investors, rather than manipulation by a single entity, indicating that the current market enthusiasm for SHIB has a certain level of breadth. However, the increase in activity may also lead to greater short-term fluctuations, and investors need to be prepared to handle price volatility, and must not equate on-chain activity directly with expectations of price rises — looking back at the history of the crypto assets market, it is not uncommon for "on-chain activity to heat up first, followed by price increases"; whether a genuine bullish trend can emerge ultimately depends on the confirmation signal of a price breakthrough at key resistance levels.