Memecoin Market Resurgence Affects Shiba Inu Price Movement

The cryptocurrency market is witnessing a significant shift in investor sentiment, with the memecoin sector experiencing a notable resurgence.

According to data from Cryptoquant, the total market capitalization of the memecoin sector has increased by 15.58% over the last 30 days, while trading volume has surged by 56.14% during the same period.

This surge in activity is reflected in the on-chain data, which shows a neutral netflow reading for SHIB, indicating that market participants are not making any strong commitments.

However, increasing activity metrics such as active addresses and consistent exchange flows suggest that participation is subtly rising, aligning with the larger story of memecoins experiencing speculative inflows due to renewed interest.