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Shiba Inu's (SHIB) network growth has surged, with new wallet addresses hitting yearly highs. The token's daily active addresses and transaction volume have also increased.

Key Statistics:

- New wallet addresses: Over 7,600
- Daily active addresses: Over 18,000
- Transaction volume: Exceeded $857 million

Analysis:

The surge in network growth and active participation could be a sign of increased speculative interest or broader adoption. However, the sharp dip in network growth after the spike raises questions about sustainability.

Outlook:

For SHIB to sustain its rally, it must maintain its position above key support levels. Renewed network growth and transaction volume spikes would bolster confidence in further price gains.

Risks:

- Consolidation phase or retracement if network growth and transaction volume decline
- Overbought territory, with RSI at 66.44