Shiba Inu’s price has soared significantly over the past week, increasing by 19.9% as the broader meme coin market experiences a vibrant rebound. The resurgence in trading volumes, which spiked dramatically by nearly 300% to approximately $8.7 billion, reflects a renewed hunger for speculative investments in the crypto realm.
Leading the charge, Shiba Inu has recorded a solid year-to-date gain of 32%. This upward trajectory began in 2026 when the cryptocurrency opened the year at $0.000006904 and gradually made its way higher. Recently, it even breached the $0.0000093 mark before retracting slightly. As of the latest update, SHIB trades near $0.000008766, still showing a daily gain of 5.14% despite a brief retreat in values.
According to data from Santiment, Shiba Inu’s uptick is in line with a wider rally across various meme coins, as traders seem to be regaining their appetite for higher-risk digital assets. Speculative sentiment appears to be shifting back into the crypto market, providing the momentum needed for tokens like SHIB to flourish.
The concentration of Shiba Inu’s supply is noteworthy as well; the top ten wallets control nearly 63% of its total supply. This concentration includes tokens that have been burned and those retained in the official burn wallet. In fact, Santiment reports that this burn address now holds about 41% of the total supply, translating to a staggering valuation of approximately $3.3 billion at current prices. Market analysts are keeping a close watch on these significant holders, given their potential influence on market dynamics.
Dogecoin Experiences Similar Momentum
Shiba Inu is not alone in this resurgence. Dogecoin has also posted impressive gains, rising by 20% over the same week. This increase aligns with the broader bullish momentum occurring within the meme coin sector. Despite facing increasing competition, Dogecoin remains a frontrunner in the meme currency race, drawing steady inflows as traders rush back to this established asset.
The correlation between Dogecoin and Shiba Inu’s performance seems robust, with both assets benefiting from renewed investor interest and optimism for meme-based tokens.
Pepe Takes the Lead with Record Gains
Among the meme coins, Pepe has made headlines by delivering the strongest weekly performance, posting a staggering 65% increase. This sharp rise is indicative of traders actively reallocating capital into lower-cap meme assets. As liquidity returns to the meme coin arena, PEPE has successfully attracted significant investment inflows, pushing its price higher during this bullish phase.
According to recent reports, the total market capitalization of meme coins has grown to over $45.3 billion, jumping by around 23% just within the last week. This newfound vigor in trading volume underlines a strong revival among speculative digital currencies.
Overall, the recent surge in the meme coin market, led by Shiba Inu, Dogecoin, and Pepe, clearly signals a shift in trader sentiment and potential for continued market activity as 2026 unfolds.
