Entering 2026, the Shiba Inu (SHIB) price has experienced a strong rebound, with a total increase of approximately 32% since the beginning of the year, becoming one of the key focuses in the Meme coin market recovery. Against the backdrop of an overall market uptrend, SHIB temporarily broke through the $0.0000087 mark, with trading volume and on-chain funds expanding simultaneously, indicating a return of capital preference for high-risk assets.
Data shows that SHIB’s trading volume surged by 131% in the past 24 hours, reaching approximately $320 million, with market activity significantly increased. Meanwhile, the overall market capitalization of Meme coins once rose to $51.7 billion, with a single-day increase of over 5%. Popular tokens such as DOGE, PEPE, PONKE, and Pudgy also rose in tandem, further reinforcing the market consensus of a “Meme coin market comeback.”
It is worth noting that SHIB’s on-chain holding structure has once again sparked discussion. Currently, the top ten wallets control over 62% of the total SHIB supply, with one address holding about 41% of the tokens, valued at nearly $3.3 billion at current prices. The high concentration of whales not only strengthens market expectations of “major players controlling the market and subsequent upward movement” but also raises caution among some investors about potential volatility risks.
From a fundamental sentiment perspective, SHIB’s rise is highly correlated with the strength of Bitcoin and Ethereum. Bitcoin has re-claimed the $92,000 level, and Ethereum has recovered to $3,000, driving funds back into high-beta Meme coins and altcoins. Over the past week, the Meme coin sector has gained nearly 20%, with SHIB, as a veteran representative, benefiting once again.
The burn mechanism has also boosted market confidence in the short term. Data shows that over 194 million SHIB tokens have been burned in the past 7 days, with the burn rate significantly increasing, which is seen as an important factor in alleviating inflation and supporting prices.
From a technical perspective, SHIB’s current price is approximately $0.00000874, effectively holding above the $0.00000850 support level. The MACD remains bullish, while the RSI has fallen below 70. Although momentum has cooled somewhat, it still remains in the bullish zone. With subsequent trading volume support, the price is expected to test the $0.000009 resistance, with further targets pointing to $0.00001 or even higher.
Overall, under the combined influence of the Meme coin market recovery, whale holdings stability, and increased market risk appetite, Shiba Inu’s performance in the first half of 2026 still holds potential. However, the high concentration structure also means that volatility may continue to amplify, and the trend requires close attention.
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