Will Shiba Inu Die Out In 2026? On-Chain Data Hold the Answer
On-chain data suggests Shiba Inu is not dead, showing increased whale accumulation despite weak market speculation.Summary
Despite Shiba Inu's significant price drop and the general sentiment that meme coins are "dead," on-chain data presents a mixed picture. Speculative activity has clearly weakened, evidenced by falling meme coin dominance and smart money wallets reducing SHIB exposure, with derivatives traders remaining cautious.
However, long-term holder behavior indicates accumulation. The total holder count continues to rise, and large holders (whales) have significantly increased their SHIB balances (up 249% over the year), while tokens held on exchanges have dropped by nearly 22%, suggesting reduced selling pressure.
Technically, SHIB is trading in a long-term falling wedge, and a recent bullish divergence on the RSI suggests weakening selling pressure. A breakout above $0.0000092 could invalidate the 'dead coin' claims, but for now, SHIB remains in a survival mode, accumulating slowly while awaiting a potential altcoin cycle revival.
(Source：BeInCrypto)