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Shiba Inu and Dogecoin posted solid gains over the past 24 hours as trading activity increased across major memecoins. Price data and volume metrics pointed to renewed short-term participation rather than isolated price spikes. Shiba Inu traded at $0.000007665, marking an 8.5% increase over 24 hours. The intraday chart showed a steady climb from the $0.00000741 region, followed by higher lows and a late-session push.
Momentum strengthened near the end of the session. Price briefly spiked before settling close to session highs, according to data from CoinMarketCap. Market capitalization for SHIB stood at $4.51 billion, matching its unlocked market cap. Both figures rose 8.58% on the day, reflecting aligned price and supply dynamics.
Trading volume expanded sharply. 24-hour volume reached $157.18 million, rising 45.56%, while the volume-to-market-cap ratio measured 3.46%, indicating active short-term trading. SHIB’s fully diluted valuation totaled $4.52 billion. Supply data showed 589.55 trillion SHIB in total supply, with 589.24 trillion SHIB circulating, leaving a difference between issued and circulating tokens.
In the same timeframe, Dogecoin made a move upward. The trading value of DOGE was $0.1298, an 8% rise from the previous day and the price increase for the session. The graph of the price changes indicated a slow increase starting from $0.1207 and then a sudden midday jump. After trading at $0.13, DOGE returned briefly and remained around the high levels.
Market capitalization reached $21.84 billion, matching Dogecoin’s fully diluted valuation. Both metrics increased 8%, signaling broad price-based expansion. Trading activity surged. 24-hour volume totaled $2.22 billion, up 84.58%, while the volume-to-market-cap ratio hit 10.05%, well above SHIB’s ratio.
Supply data listed 168.15 billion DOGE as both total and circulating supply. This structure reflects Dogecoin’s uncapped issuance model. The platform assigned DOGE a 61% profile score.
Across both assets, charts showed sustained upward pressure supported by rising volume. SHIB followed a smoother intraday path, while DOGE displayed a sharper breakout and consolidation pattern. The price action unfolded as broader markets showed uncertainty. According to Benzinga, equity markets remained caught between breakout and breakdown scenarios, with volatility poised to rise.
Memecoin traders also tracked sector-wide recovery signs. Bulls entered the new year after a difficult 2025, when total memecoin market capitalization fell 60%, dropping from $94.92 billion to $37.79 billion. Most tokens erased earlier gains. Only the official Trump TRUMP token and a few smaller projects avoided heavy losses during the downturn.
Recent price strength lifted total memecoin market capitalization to a two-week high of $39.45 billion on Friday. The move coincided with renewed social and derivative activity. Ethereum cofounder Vitalik Buterin changed his profile picture to a meme NFT during the same period, drawing attention across the sector.
Derivatives data have also revealed an increase in participation. Over the course of a day, the PEPE open interest surged by as much as 77%, reaching $441 million, indicating greater futures positioning. Open interest is a metric that reflects the number of outstanding derivative contracts. There is always a counterparty for every futures position; that is why the increasing OI is associated with the rising leveraged exposure. When prices retrace and OI increases, the question is whether the revival of memecoin liquidity indicates a permanent change or just another short-lived rotation.
Also Read: What Caused the Altcoin Decline in 2025? Truth Revealed
Shiba Inu and Dogecoin posted solid 24-hour gains as prices rose alongside strong volume. Market data showed rising participation and higher open interest across memecoins. Together, the moves signaled renewed short-term liquidity and active trading, keeping attention on how long the momentum can persist.
