- SHIB jumped over 16% in a week as trading volume surged 35%.
- Top 10 SHIB wallets hold 63% of the supply, with the largest wallet holding 41%
- The price broke a long-term descending channel that capped SHIB since mid-2024.
Shiba Inu (SHIB) opened 2026 with a sharp price jump, climbing more than 16% over the past week and nearly 4% in the last 24 hours, as per CoinMarketCap data.
SHIB is trading near $0.0000087 after daily trading volume surged roughly 35%, a clear shift from the low-liquidity conditions that defined most of 2025. However, Santiment data has revealed that the top wallets continue to get richer.
The top ten SHIB wallets hold a massive 63% of the meme token’s total supply, with the largest wallet holding 41%, currently worth $3.3 billion.
Meme Coins Making a Comeback?
Following the price surge, SHIB broke above a long-term descending channel that has capped SHIB price action since mid-2024. Sellers controlled every rally for months. The structure failed this week as the price pushed above the channel resistance.
While Bitcoin and other altcoins gained modest momentum, SHIB and a few other meme coins exploded. In the past week, DOGE is up 19%, PEPE is up 64%, BONK gained 46%, and PENGU rocketed 33%.
SHIB, currently ranked 25th by market capitalization, benefited from the capital rotating from BTC and other altcoins into meme tokens.
SHIB Price Analysis: What’s Next?
As per the daily chart below, SHIB is trading between $0.0000089 (0.786) and $0.0000084 (0.618) Fib levels. Once the price crosses the 0.786 level, resistance sits near $0.0000095, followed by $0.0000111, which lines up with the 1.618 Fibonacci extension and a former consolidation zone.
A clean push above that area would open the path toward $0.0000139, a level that previously acted as support before the 2025 breakdown.
On the other hand, failure to hold above $0.0000081 risks a return into the prior range, with bearish pressure increasing below $0.0000074. As long as the price stays above the broken channel, bulls retain short-term control.
Related: Meme Coin Market Surges Past $45B as Shiba Inu, PEPE, BONK Stage 54% Price Pump
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
