Dogecoin
rival Shiba Inu
SHIB
has seen 258% price surge over three days and on-chain activity is “extremely high," according to data provider Santiment.
What Happened: SHIB rose to a four-month high of $0.0000346 on Wednesday after whale investors made several sizeable investments in the preceding days.
According to on-chain and social metrics platform Santiment, the current indicators point to a potential top forming.