SHIB Breaks Year-Long Downtrend as Volume Explodes Entering 2026
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Shiba Inu (SHIB) price surged over 16% in a week, with trading volume increasing by 35%. The price broke out of a long-term descending channel from mid-2024. Additionally, the top 10 wallets control 63% of SHIB's supply, indicating significant market concentration.
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- 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.
Shiba Inu's price has jumped +13% Sunday with the 2026 meme coin frenzy continuing to jump between assets.
According to @santimentfeed data, the 10 largest wallets hold nearly 63% of the supply. The largest holds ~41%, currently worth ~$3.3B.
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