The overall memecoin market is seeing a significant rally in volume and market cap, indicating renewed interest. however, shib's trading volume is not reflecting this surge, with neutral netflows suggesting a lack of strong accumulation or distribution. this could mean shib might follow if the broader memecoin trend continues, but it's not leading the charge.
The article explicitly states that shib is in a 'neutral but possibly misleading position' and that the direction 'remains unknown'. while there's a local price increase, it's constrained, and the asset is still below important moving averages, indicating the larger bearish structure hasn't been broken.
The article discusses recent trends (last 30 days) and current market conditions. the potential for shib to follow the memecoin revival implies a near-term effect if momentum continues.
Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Memecoins arise again Netflows are completely neutralized Advertisement With exchange netflows hovering close to zero while the larger memecoin market is rapidly heating up, Shiba Inu is currently in a neutral but possibly misleading position due to the local price increase. Inflows and outflows do not clearly dominate on-chain data, indicating that neither accumulation nor distribution is strongly indicated at this point. That kind of balance frequently precedes a bigger move, but the direction remains unknown . Memecoins arise again Memecoin activity is clearly on the rise again. Over the last 30 days, the sector's total market capitalization has increased by about 15.58%, or $35.6 billion. Trading volume has increased even more dramatically, reaching about $3.79 billion, a 56.14% increase. In contrast, Bitcoin's market capitalization has increased by about 14.06% during the same period, demonstrating the rotation of capital into riskier assets. Source: Cryptoquant Despite this, SHIB is not moving decisively enough. After a protracted decline, price action remains constrained, trading in a narrow range close to local lows. The fact that the asset is still below important moving averages suggests that the larger bearish structure has not been broken yet. Early indications of stabilization exist, but not enough to support a trend reversal. HOT Stories Brian Armstrong: New Satoshi Doc is the Best Yet Does XRP Have a Chance? Unhealthy Bitcoin (BTC) Price Pattern Arises, Hyperliquid's (HYPE) $40 Will not Stay for Long: Crypto Market Review Netflows are completely neutralized This uncertainty is strengthened by the zero netflow reading. A flat reading indicates that market participants are not making any commitments, in contrast to strong negative netflows, which would imply accumulation, or positive netflows, which usually indicate selling pressure. Advertisement You Might Also Like Wed, 04/22/2026 - 08:53 'North Star' Expands: Ripple’s Latest 50 Million XRP Move Isn’t Just Another Coinbase Deposit By Gamza Khanzadaev On the other hand, increasing activity metrics, such as active addresses and consistent exchange flows, indicate that participation is subtly rising. This is consistent with the larger story of memecoins, where speculative inflows are being driven by a resurgence of interest. The most important thing for investors is timing. SHIB is positioned within the current memecoin revival , but it is not at the forefront. As momentum increases, lagging assets frequently follow if capital keeps entering the industry. Any upside move runs the risk of not being sustainable in the absence of a distinct accumulation phase. Advertisement Whether this neutral state resolves into accumulation will determine the next stage for SHIB. Until then, it continues to be a passive player in an otherwise active market. #Shiba Inu #Shiba Inu (SHIB) News