NewsBTC
Jan 5, 2026
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Shiba Inu Surges Nearly 20% Amid Meme Coin Market Rally

Shiba Inu (SHIB) Surge

  • SHIB jumped nearly 20% this week amid a general rise in the meme coin sector.
  • Total meme coin valuation increased by about 23%, driven by speculative trading.
  • Trading volumes for SHIB surged from $2.16 billion to approximately $8.6 billion, a near 300% increase.

Supply Concentration Concerns

  • The top 10 holders control over 60% of SHIB’s maximum supply, around 1 quadrillion tokens.
  • The official burn wallet holds about 40% of the total supply, valued at over $3 billion.
  • This concentration could lead to significant price swings if large holders decide to sell.

Technical Analysis and Market Behavior

  • SHIB's weekly chart shows a strong candle closing up 22%.
  • The token briefly traded above $0.0000093 before pulling back to around $0.000008766.
  • Year-to-date gains are approximately 32%, with a 5.14% rise in the past 24 hours and 17.31% over the last week.
  • A break above a descending trendline could indicate a larger upward move.

Wider Meme Coin Gains

  • Other tokens like Dogecoin rose by about 20%, while Pepe saw a 65% surge.
  • These gains reflect increased speculative interest and traders seeking short-term returns.

Market Volume and Trader Behavior

  • Trading activity spiked, with daily traded value rising from $2.17 billion to $8.7 billion.
  • Heavy supply concentration and technical setups suggest potential for either continued rallies or sharp pullbacks.