🔥 Key Takeaways
- Shiba Inu’s price has declined by nearly 70% year-on-year and over 90% from its all-time high, raising concerns about its viability.
- CryptoQuant CEO Ki Young Ju has stated that meme coins, including SHIB, are “dead” due to collapsing dominance and shrinking trading volumes.
- On-chain data may hold the answer to whether SHIB will die out in 2026, with metrics such as holder distribution, transaction counts, and network activity providing insight into the token’s health.
Introduction
Shiba Inu, one of the most popular meme coins, has experienced a significant decline in price over the past year. With a drop of nearly 70% year-on-year and over 90% from its all-time high, many investors and crypto enthusiasts are questioning whether SHIB is slowly dying. The concern was further exacerbated by CryptoQuant CEO Ki Young Ju’s statement that meme coins are “dead” due to collapsing dominance and shrinking trading volumes. In this article, we will examine the on-chain data to determine whether SHIB will die out in 2026.
On-Chain Data Analysis
To assess the health of the Shiba Inu network, we need to analyze various on-chain metrics, including holder distribution, transaction counts, and network activity. Holder distribution provides insight into the concentration of tokens among holders, with a more even distribution indicating a healthier network. Transaction counts, on the other hand, reflect the level of activity on the network, with higher counts indicating greater adoption and usage. Network activity, including metrics such as block size and block time, also provides valuable information about the network’s overall health.
Will Shiba Inu Die Out in 2026?
While the current market trends and on-chain data may seem bleak for Shiba Inu, it is essential to consider the token’s loyal community and potential for innovation. The SHIB team has been working on various projects, including the development of a decentralized exchange and a metaverse platform, which could potentially boost adoption and drive growth. However, the fate of SHIB ultimately depends on the crypto market’s overall sentiment towards meme coins and the token’s ability to adapt to changing market conditions.
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