Shiba Inu’s on-chain activity has increased by 42%, but its price structure does not yet confirm renewed demand from buyers. According to network data, the increase reflects more transactions, wallet transfers, or other interactions involving SHIB holders across the blockchain. However, the metric does not show whether users are buying tokens, selling holdings, or transferring assets between wallets and exchanges. SHIB trades near $0.00000521, representing a recovery from its July low of approximately $0.0000041 across trading platforms.