Shiba Inu surged 13% on Sunday, breaking the previous long-term sideways consolidation. Market momentum reignited and capital inflows into the meme coin market provided a boost. Data from Santiment shows that SHIB's supply is highly concentrated, with the top ten wallets holding nearly 63% of the total SHIB supply. CoinCodex's forecast indicates that if market sentiment continues to improve, SHIB's price could rise to $0.00001079 in early February, representing approximately a 16% increase from the current level.

SHIB-0,48%
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