Key Insights:
- Shiba Inu rose 32% in early 2026 as whale accumulation and trading volume surged.
- Top ten wallets now hold over 62% of SHIB’s total supply, fueling breakout speculation.
- The broader meme coin market cap surged to $51.7 billion, up 5.6% in a single day.
Shiba Inu has recorded a 32% surge in early 2026, pushing its price above $0.0000087. The increase follows a sharp rise in trading volume and strong momentum across the broader meme coin sector. The token’s trading volume climbed 131% within 24 hours to reach $321.9 million, reflecting renewed interest among investors.
A significant portion of SHIB’s supply remains concentrated in a few large wallets. One of the top wallets now holds around $3.3 billion worth of SHIB, representing roughly 41% of its total value. On-chain data reveals that the top ten wallets currently control over 62% of SHIB’s total supply. This level of concentration has raised speculation about potential future volatility and further price movement.
Meme Coins Post Weekly Gains as Market Sentiment Shifts
The wider meme coin market cap reached $51.7 billion after rising 5.6% in a single day. Other tokens such as PEPE, DOGE, PONKE, and Pudgy also reported notable gains, ranging from 8% to 70% over recent days. The resurgence comes amid a growing investor appetite for high-risk digital assets, particularly following a period of post-holiday uncertainty.
The broader cryptocurrency market added 0.62% in the past day, contributing to a weekly gain of 5.43%. Bitcoin surpassed $92,000, while Ethereum reclaimed the $3,000 level. Major altcoins, including Solana, XRP, and BNB, posted gains despite global geopolitical tensions, including the detention of Venezuelan President Maduro following a U.S. military action.
Technical Indicators Suggest Slowing Momentum
SHIB currently trades at $0.00000874, staying above the key $0.00000850 support level. Technical indicators show a bullish MACD crossover, although a weakening histogram hints at a loss in momentum. The RSI dropped to 69.14, exiting the overbought zone but still reflecting bullish conditions.
A decisive move above $0.000009 could pave the way for Shiba Inu to test the $0.00001 and potentially $0.000011 levels. However, failure to hold the $0.00000850 support may lead to a pullback toward $0.00000820. Over the past week, 194 million SHIB tokens have been burned, marking a 414% increase, which may help sustain bullish sentiment.
