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According to on-chain analytics platform Santiment, Shiba Inu has jumped 32% in 2026. Given this surge, top wallets have added more value.
According to Santiment data, the 10 largest Shiba Inu wallets (mostly crypto exchanges) hold nearly 63% of the supply. The largest wallet for Shiba Inu holds nearly 41%, currently worth above $3.3 billion.
On Sunday, Shiba Inu saw a sharp surge, rising over 13% as meme coins extended their surge at 2026's start. Shiba Inu surged from $0.000008 to $0.0000094, continuing its rise from the Jan. 1 low of $0.00000688.
Yesterday, Santiment reported that as meme coins gained traction with their post-holiday run, the entire market cap of the meme coin sector rose above $45.3 billion, increasing by more than 20.8% in just the past week.
The rally across the meme coin sector, according to Santiment, began shortly after FUD rose to its highest levels among retail traders just a few days after Christmas.
At the time of writing, Shiba Inu had slightly retraced, down 0.72% in the last 24 hours to $0.00000867, but up 17% weekly.
This recent price surge produced a crucial breakout for Shiba Inu, as it rose above the daily MA 50 (currently at $0.000008) for the first time since early October. The next crucial barrier for Shiba Inu lies at $0.000011 and $0.000013. It will be watched if Shiba Inu confirms the $0.000008 level as support to confirm its breakout.
Massive meme coin season coming?
On-chain analytics platform CryptoQuant noted a rise in meme coin dominance, which might have significant implications for the market.
Meme coin dominance began to decline following the sector's boom in November 2024, eventually reaching a historical low in December 2025.
CryptoQuant noted that the last time this level was reached, it preceded the launch of a massive meme coin season. In November 2024, the meme coin dominance reached 0.11, implying that meme coins accounted for 11% of the total altcoin market capitalization.
By December 2025, this meme coin dominance ratio had dropped to 0.032. However, at 2026's start, a rebound is seen in the meme coin dominance ratio as major meme coins posted strong gains. This recovery could mark the beginning of a meme coin comeback, although it remains very early to say for sure.
Tomiwabold Olajide
Yuri Molchan
Godfrey Benjamin
U.Today Editorial Team
Gamza Khanzadaev