Will Shiba Inu Die Out in 2026? On-Chain Data Holds the Answer.
Shiba Inu has experienced a challenging year, with its price down nearly 70% year-on-year and over 90% from its all-time high. As interest in meme coins wanes, many question if SHIB is fading.
This concern was amplified when the CEO of CryptoQuant stated meme coins are "dead," citing declining dominance and reduced speculation. On the surface, Shiba Inu appears to align with this narrative.
However, on-chain data offers a more nuanced perspective.
The weakness in the meme coin sector is evident, and Shiba Inu reflects this trend.
