has remained within a tight price range for the past month, indicating a phase of accumulation. While the market may seem uneventful at first glance, on-chain metrics indicate a discernible buying activity.
However, it is crucial to exercise caution when interpreting these metrics as evidence that the price of the Shiba Inu token will experience a significant surge, enriching those who have quietly accumulated. The correlation between on-chain metrics and price movements is complex, and various factors can influence the token's trajectory.
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