Recently, SHIB's on-chain performance has been quite interesting. The whale transaction volume skyrocketed by 111% this week, directly ranking among the most active tokens. Why is this happening? There are a few reasons—hundreds of billions of dollars in market cap are on display, liquidity is ample, and institutional funds are ready to pour in with minimal slippage pressure, which is very friendly for large orders. After all, before the new cycle truly takes off in 2026, the window to seize positions isn't very wide. But there's a detail worth pondering: whale activity is surging, yet retail investors aren't showing much reaction—search heat and app downloads remain the same. This pattern has often been a signal in history, usually followed by a wave of speculative surges. Don't rush to jump in; first see if it follows the usual script.