Shiba Inu has emerged as a key beneficiary of the latest rebound in the meme coin market, posting double-digit gains over the past week.
Data from Santiment shows the total valuation of meme coins surged by roughly 23% during the period, while trading activity accelerated sharply.
Notably, meme coin trading volume jumped nearly 300%, climbing from about $2.17 billion to approximately $8.7 billion. This spike highlights a swift return of speculative interest as traders re-enter higher-risk assets.
Shiba Inu Participates in Renewed Meme Coin Rally
Interestingly, Shiba Inu capitalized on the renewed momentum. SHIB rallied by 19.9% over the past week, closely tracking the broader recovery across the meme coin sector.
Meanwhile, beyond SHIB, other major meme coins also staged standout performances. Specifically, Dogecoin and Pepe posted gains of around 20% and 65%, respectively, reflecting the intensity of the renewed rally.
SHIB’s Incredible Performance in 2026
Although DOGE and PEPE outpaced SHIB in the latest surge, Shiba Inu has also delivered a strong performance since the start of 2026. For context, SHIB entered 2026 trading below $0.0000070, opening at $0.000006904. Since then, the token has climbed steadily, reflecting sustained buying interest.
Moreover, Santiment data show that Shiba Inu posted a 13% gain on Sunday as the meme coin frenzy continues to drive rapid capital rotation across major tokens.
Overall, Santiment reports that SHIB has rallied by roughly 32% year-to-date, highlighting its resilience and sustained momentum despite intensifying competition within the meme coin sector.
Meanwhile, SHIB briefly climbed above $0.0000093 yesterday before pulling back. Even so, the token remains firm, currently trading around $0.000008766.
Despite the short-term retracement, Shiba Inu is still up 5.14% over the past 24 hours and 17.31% over the past week, reinforcing the strength of its ongoing trend.
Top 10 Holders Control 63% of SHIB Total Supply
In addition, the analytics platform also noted a high level of supply concentration among Shiba Inu’s largest holders. Specifically, the top 10 SHIB wallets collectively control nearly 63% of the token’s maximum supply of 1 quadrillion, including tokens locked in the official burn address.
Based on this cap, those wallets together hold an estimated 630 trillion SHIB. Notably, Santiment emphasized that the single largest wallet—the official burn wallet—accounts for about 41% of the total supply, a stake valued at approximately $3.3 billion.
