Shiba Inu (SHIB) has surged this week, rising nearly 16% as speculative buying returned to the meme coin sector. According to Santiment, the total value of meme coins increased by about 23% as traders moved back into higher-risk tokens. Trading volumes soared from $2.16 billion to roughly $8.6 billion, highlighting how quickly money flowed into this part of the market.
Reports show that SHIB’s supply remains highly concentrated. The top 10 wallets hold over 60% of the token’s maximum supply, equaling about 1 quadrillion tokens. Together, these wallets control around 630 trillion SHIB. Santiment notes that the official burn wallet alone holds roughly 40% of the total supply, valued at over $3 billion. Such concentration can amplify price movements if major holders decide to sell or transfer coins to exchanges.
Analyst Charting Guy pointed out on January 4 that SHIB’s weekly chart “looks good,” highlighting a strong weekly candle that closed up 22%. SHIB began 2026 at $0.000006904 and has since climbed higher. It briefly traded above $0.0000093 before pulling back and is currently around $0.000008766. Year-to-date gains are near 64%, with the token up 2.14% in the past 24 hours and 15.7% over the last week.
Charting Guy’s analysis shows SHIB approaching the tip of a long-running descending trendline that dates back to a high of $0.0000334 in December 2024. A break above this line could signal a more significant upward move.
Other meme coins have also seen substantial gains. Dogecoin rose about 20%, while Pepe surged roughly 65% over the same period. These sharp increases reflect a rise in speculative interest as traders chase short-term returns.
Santiment’s data shows trading activity spiking dramatically, with daily traded value jumping from $2.17 billion to $8.7 billion. This indicates increased participation and a greater appetite for risk.
Given the high supply concentration and current technical setup, SHIB’s price could move sharply in either direction. A clear breakout above the descending trendline might extend the recent rally, while significant selling from large wallets could lead to sharp pullbacks.
Frequently Asked Questions
Of course Here is a list of FAQs about the recent Shiba Inu price jump and its implications for meme coins designed to be helpful for both beginners and more experienced observers
Beginner Definition Questions
1 What exactly happened with Shiba Inu
Shiba Inus price increased by around 16 in a short period which is a significant move in the cryptocurrency market This sparked discussion about a potential resurgence for memebased cryptocurrencies
2 What is a meme coin
A meme coin is a cryptocurrency that originated from or was inspired by an internet meme or joke They often start with low price and high supply and their value is driven more by community sentiment social media trends and speculation than underlying technology or utility Dogecoin is the most famous example
3 What does signaling a potential comeback mean
It means that a major price jump in a wellknown meme coin like Shiba Inu can create optimism and attract buying interest in other similar coins Investors and traders see it as a sign that risk appetite might be returning to that sector of the market
4 Why do meme coin prices move so dramatically
Their prices are highly sensitive to social media hype influencer endorsements and overall market sentiment They have lower liquidity than major coins like Bitcoin so large buy or sell orders can cause big price swings
Causes Context Questions
5 What caused Shiba Inu to jump 16
Specific catalysts can include a major exchange listing a prominent influencer tweet a development update from the Shiba Inu team or a general wave of optimism in the broader crypto market Often its a combination of factors
6 Is this part of a larger crypto market rally
Often yes Meme coins tend to perform exceptionally well during broad altcoin seasons when investors move money from Bitcoin into riskier higherpotential assets A rising tide can lift all boats especially the most speculative ones
7 Are other meme coins also rising
Typically when a leader like Shiba Inu or Dogecoin surges it creates a halo effect Traders often rotate into other popular meme coins hoping