Shiba Inu price action and market sentiment

On 2 January 2026 the Shiba Inu (SHIB) token opened the day with a notable rally, reaching a high of $0.0000079 before closing at $0.00000808318. The increase was accompanied by a record 505 % weekly burn and a 10 728 % surge in the overall burn rate, according to reports from cryptopanic.com and other outlets. The burn figures indicate that a significant number of SHIB tokens were permanently removed from circulation, which can support price appreciation by reducing supply.

In the early hours of 3 January the token’s on‑chain activity showed a decline in the burn metric, with 3 200 022 SHIB removed, yet the price continued to trend higher. By 4 January a “golden cross” was confirmed, a technical signal that suggested a sustained bullish trend, and SHIB’s price increased by 13 %. That day the token also experienced a 27 % rise, the strongest January performance since 2023, pushing the market capitalization close to $600 million and raising speculation about a potential new rally phase.

The price movements were accompanied by changes in exchange flow data. A report on 4 January highlighted a “serious reversal in exchange flows” that was described as undesirable for the asset, suggesting that the volume of SHIB moving into and out of exchanges was shifting in a way that could indicate weakening demand. Despite this, the token’s price remained positive.

The broader market context included strong gains for other meme coins. Dogecoin and Shiba Inu both rallied on New Year’s Day, and SHIB displaced Toncoin following an 11 % surge, indicating that investors were allocating capital within the meme‑coin sector.

Fundamental context

As of 2 January 2026, the close price for SHIB was $0.00000808318. The 52‑week high reached $0.00002489 on 17 January 2025, while the 52‑week low fell to $0.00000683266 on 30 December 2025. The market capitalization was approximately $4.9 billion USD.

Outlook

The combination of high burn activity, technical breakouts, and a significant year‑over‑year rally suggests a positive short‑term sentiment for Shiba Inu. However, the reversal in exchange flow data and the lack of fundamental use cases noted in a French‑language article on 4 January caution that the token’s growth may remain dependent on internet hype rather than intrinsic value. Investors should monitor burn rates, exchange flows, and technical signals for indications of sustained momentum.