Data from analytics platform Into The Block suggests that Shiba Inu (SHIB) is experiencing increased interest from new investors. On-chain data reveals that the number of transactions conducted by new SHIB investors has increased by 40%, the highest rate since August and with its moving average around 34.44%, the influx of capital is steady and sustained. This fresh capital has helped SHIB gain 19% in the past week, although it has retraced slightly since then. Furthermore, the layer-2 network Shibarium has seen a rapid jump in daily transaction volume, leading to increased burning of SHIB tokens from transaction fees. Overall, the current outlook for SHIB is strongly positive, with a potential for sustained growth across the ecosystem.



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