Shiba Inu Skyrockets 20% as Meme Coin Frenzy Ignites Trading Volume Surge

Another day, another meme coin moonshot—and this time, Shiba Inu's leading the pack.

Market Frenzy Returns

Forget boring fundamentals. The dog-themed token just ripped 20% higher in a single session, riding a wave of speculative cash flooding back into meme assets. Trading volumes across the sector are exploding, signaling that the 'degen' crowd is awake, loaded, and hunting for the next parabolic move.

The Volume Tells the Story

It's not just price action. The surge is backed by a massive spike in buy orders and exchange activity. That 20% jump wasn't a fluke—it was fueled by real, frantic capital rotation. When volume confirms price, it often means the move has legs. Or, at the very least, it means the leverage is flowing freely until the music stops.

A Cynical Take on the Rally

Let's be real: this is pure momentum trading at its finest. While traditional analysts pore over balance sheets, crypto's retail army is betting on community hype and social media virality. It's a reminder that in this corner of finance, narrative often trumps NPV—and sometimes, it pays handsomely.

What's next? If history is any guide, these surges can be violently reflexive. Today's 20% gainer can be tomorrow's 30% loser. But for now, the meme coin engine is roaring back to life, proving once again that in crypto, the only constant is volatility—and the occasional, glorious, utterly irrational pump.

TLDR

• Shiba Inu price increased by 19.9% over the past week during a strong meme coin rally.
• Meme coin trading volume surged by nearly 300%, reaching approximately $8.7 billion.
• Shiba Inu has gained 32 percent since the start of 2026, showing steady upward momentum.
• Dogecoin and Pepe also posted strong gains, rising by 20% and 65%, respectively.
• The top ten SHIB wallets now control nearly 63% of the token’s total supply.

Shiba Inu price has rallied strongly over the past week as meme coins recorded a sharp rebound, with trading volumes surging rapidly, prices jumping across major tokens, and speculative interest returning fast to the sector.

Shiba Inu Price Leads as Meme Coin Market Recovers

Shiba Inu price gained 19.9% over the last seven days, reflecting growing demand across high-risk digital assets. According to data from Santiment, SHIB moved in line with the broader rally in meme coins. Traders increased their exposure to SHIB as speculative sentiment shifted back into the market.

Meme coins, the most "speculative" of assets, have proceeded with their post-holiday run. The entire meme market cap is now above $45.3B, growing by +20.8% in just the past week.

Notable 7-day gainers include:

$PEPE +54%
$USELESS +54%
$MOG +38%
$DOG +36%
… pic.twitter.com/htdfiXLaLf

— Santiment (@santimentfeed) January 4, 2026

The token’s year-to-date gains reached 32% following a 13% price jump recorded on Sunday. SHIB started 2026 at $0.000006904 and has gradually moved higher since. During the rally, it briefly traded above $0.0000093 before retracing slightly.

As of the latest update, SHIB was trading NEAR $0.000008766 after pulling back from recent highs. However, it still posted a 5.14% daily gain. Over the past week, SHIB climbed 17.31%, holding firm despite the brief retracement.

Meanwhile, on-chain data revealed high supply concentration among SHIB’s largest holders. The top 10 wallets now control nearly 63% of total supply. That figure includes tokens burned and held in the official SHIB burn address.

Santiment reported that the largest SHIB wallet is the burn address, holding roughly 41% of supply. Based on current prices, that wallet’s SHIB holdings are valued near $3.3 billion. Analysts continue tracking such large holders due to potential market impact.

Dogecoin Also Sees Strong Price Jump

Dogecoin posted a 20% price increase over the same period as traders piled back into meme coins. The move reflects the broader sector’s bullish momentum and renewed risk appetite. Doge continues to benefit from its status as a leading meme token.

Despite growing competition, Dogecoin maintained investor interest and recorded steady inflows throughout the week. Activity across DOGE markets saw a noticeable pickup. Higher volumes supported price strength and helped extend recent gains.

DOGE performance matched Shiba Inu’s gains as both assets tracked the overall rally. Traders rotated capital into both coins. This contributed to a wider recovery across meme-based tokens.

Pepe Registers Strongest Weekly Performance

Pepe delivered the highest weekly gains among top meme coins, jumping by 65% during the same timeframe. The surge aligned with rising trading volume. Investors continued to rotate capital into lower-cap meme assets.

Pepe’s performance reflected heightened market appetite for riskier digital tokens. As liquidity returned to meme coins, Pepe attracted large inflows. This trend helped push prices sharply higher during the week.

PEPE’s movement outpaced both SHIB and DOGE in percentage terms. The token benefited from aggressive trading activity. Volatility remained elevated across PEPE markets as traders took advantage of short-term swings.

According to Santiment, total meme coin market value grew by 23% over the past week. Volume ROSE nearly 300%, from $2.17 billion to $8.7 billion. These metrics signal a strong revival in speculative demand across the sector.