On‑chain analytics firm Santiment reports SHIB has gained ~32% in 2026. The 10 largest SHIB wallets (mostly exchanges) hold nearly 63% of supply and the single largest wallet holds ~41% (~$3.3B). SHIB saw a sharp intraday surge of 13% (from $0.000008 to $0.0000094), is up ~17% weekly, and is trading at $0.00000867 after a 0.72% 24h pullback. The token broke above the daily 50‑MA (~$0.000008) for the first time since October; key resistances cited at $0.000011 and $0.000013. Santiment also noted the meme‑coin sector market cap topped $45.3B (up ~20.8% week), and CryptoQuant flagged a rebound in meme‑coin dominance, though it remains early to confirm a full meme‑coin season.

Sentiment: Positive price action and technicals—~32% YTD gain, a 13% intraday surge, a ~17% weekly rise, and a breakout above the daily 50‑MA—support a bullish view; mitigating factors are the high concentration of supply in top wallets (top 10 ≈63%, single wallet ≈41% worth ~$3.3B) and a recent 0.72% 24h pullback. Impact: The breakout above the daily 50‑MA and sharp intraday move are short‑term market‑moving facts traders could act on, but this is an altcoin with very concentrated supply and therefore lower reliability for high‑impact trading signals.