Doge’s Cousin Rises Again! 🚀

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Right then. It appears the digital canine known as Shiba Inu (SHIB) has had a bit of a… moment. A surge, if you will. Nearly 16% upwards, which, in the world of things that aren’t really things, is apparently quite significant. Seems people have decided to throw good money after bad, which is a time-honored tradition. The entire meme coin sector, a collection of digital baubles and hopeful dreams, has collectively decided to be optimistic. Bravely optimistic. 🙄

Santiment, those people who watch the digital flotsam and jetsam, have noted that the total value of all these… assets… increased by approximately 23%. Traders, rather than investing in, say, actual infrastructure or sensible shoes, have apparently piled back into ‘higher-risk’ tokens. Which is just another way of saying ‘things likely to go down in value’. But hey, who needs logic when you have hype?

The amount of money changing hands jumped from a relatively sedate $2.16 billion to a frankly alarming $8.6 billion. That’s a lot of digital confetti. A lot. It suggests people are buying and selling with the kind of enthusiasm normally reserved for a sale on slightly bruised bananas.

Someone’s Holding the Leashes

Now, here’s where it gets interesting. It transpires that a very small group of people – ten wallets, to be precise – control over 60% of all SHIB. Sixty percent! That’s like saying ten people own most of the biscuits. And, naturally, the official ‘burn wallet’ (where tokens go to die a digital death) is holding a rather substantial 40% of the supply. Worth over $3 billion. A tidy sum. This means that if any of these grand poobahs decide to have a bit of a sell-off, prices could wobble. A lot. Think of a very excited puppy vigorously wagging its tail. It will make things move. 🐕

Meme coins, those beacons of sound financial planning, are still bouncing along. The entire market cap is now north of $45.3 billion, a rise of +20.8% in a week. A week! It’s enough to make a goblin blush.

Top performers this week include:

$PEPE +54% (What is Pepe?)

$USELESS +54% (The name says it all, really.)

$MOG +38% (Sounds a bit rude, doesn’t it?)

$DOG +36% (Naturally.)

– Santiment (@santimentfeed) January 4, 2026

A chap called Charting Guy (a name that inspires complete confidence) reckons the weekly chart “looks good”. Which is reassuring. The token started the year at $0.000006904 and has since climbed. It briefly poked its nose above $0.0000093 before having a little sit-down. It’s currently around $0.000008766. Gains are up nearly 64% year-to-date. 📈

$SHIB weekly looks good

– Charting Guy (@ChartingGuy) January 4, 2026

Apparently, it’s nearing a ‘descending trendline’ which, if broken, might lead to further gains. Or it might not. It’s all a bit wobbly, really. A bit like a jellied eel.

Everyone’s at the Dog Park

Other meme coins are also doing the jig. Dogecoin is up 20%, and Pepe surged a rather alarming 65%. More speculative interest, more chasing of short-term returns. It’s all very… dynamic.

The Peculiarities of Market Volume and Trader Temperament

Santiment’s data reveals that trading activity has gone through the roof, suggesting a return of ‘hot money’. Which is to say, money that’s looking for a quick profit and isn’t particularly fussed about long-term stability. The value traded has jumped from $2.17 billion to $8.7 billion. That’s a lot of frantic clicking.

So, to summarize: Shiba Inu’s future is uncertain. It could go up. It could go down. It depends on whether those ten wallets decide to sneeze. Or sell. Or simply change their minds. Essentially, it’s less an investment and more a gamble with slightly nicer pictures. Good luck. You’ll need it. 🍀

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2026-01-05 12:59