High concentration in major wallets, particularly for shiba inu, contributed to potential volatility in the market.
What to know:
Memecoins surged in early 2026, with dog-themed tokens like dogecoin and shiba inu leading the gains.
The memecoin market's dominance is rising after hitting historical lows, indicating renewed speculative interest.
High concentration in major wallets, particularly for shiba inu, contributed to potential volatility in the market.
DOGE
0.11157
+1.17%
SHIB
0.0₅649
-1.06%