- 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
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Source: https://coinedition.com/shib-breaks-year-long-downtrend-as-volume-explodes-entering-2026/
