As a seasoned veteran in the crypto space, today I want to discuss the current situation and opportunities of SHIB, this "internet celebrity Meme coin." To be honest, the madness of 2021's 880,000x returns has already passed, but as we enter 2026, several new signals on SHIB are worth paying attention to.

The current situation is actually quite contradictory. On one side, whales hold absolute influence—top ten wallets control over 62% of the circulating supply. This is no small number. Due to large holders accumulating tokens at the beginning of the year, the price was driven up by 32%, and spot net inflows even surged by 1153%, with short-term volatility being amplified infinitely.

On the other side, the burn mechanism performance is lacking. The daily burn rate has dropped below 97% at its lowest, indicating what? The enormous circulating supply of 589 trillion makes a deflationary story impossible to realize.

The ecosystem part is quite interesting. The Shibarium chain has already attracted over 200 projects, and active addresses are steadily increasing. But the problem is, no truly popular application that can stand firm has emerged yet. The story of practical value still needs to be developed slowly.

For veteran players like us, SHIB's potential objectively exists. The key is whether the team can truly develop the ecosystem.