SHIB lags as memecoin market jumps 15% amid neutral flows
Shiba Inu (SHIB) is failing to keep pace as the memecoin market rallies. Over the past 30 days, memecoins’ total market cap rose 15.58% to about $35.6B, while trading volume jumped 56.14% to roughly $3.79B, signalling a broader risk-on rotation.
SHIB, however, is only up 2.63% in the last 24 hours and trades around $0.000006258. The latest update highlights SHIB underperforming leading memecoins during the move.
On-chain, SHIB exchange netflows remain near neutral, suggesting balanced flows with no strong accumulation signal yet. Price action stays weak: SHIB has drifted downward for an extended period, is range-bound near recent lows, and remains below key moving averages. That puts SHIB in a lagging position within a bullish memecoin tape.
Traders appear to be waiting for confirmation. Even with early signs of improving memecoin activity (active addresses and exchange engagement gradually rising), SHIB has not shifted from sideways trade into a sustained accumulation phase. Bitcoin (BTC) is also up (~+14.06% market cap), but capital is flowing more aggressively to the memecoin basket than to SHIB specifically.
For momentum traders, the key trigger is whether SHIB exchange flows turn clearly positive to confirm a trend shift; until then, rallies may continue to bypass SHIB.
Neutral
The news is moderately positive for the memecoin complex (market cap and volume expanding) but neutral for SHIB itself. SHIB is lagging in relative performance and remains below key moving averages, showing weak price structure. Most importantly, SHIB exchange netflows are near zero, which implies no clear accumulation or distribution signal; without a shift to sustained positive inflows, momentum and trend-following buyers may stay on the sidelines. Short-term rallies are possible given the broader risk-on tape, but SHIB’s lack of confirmed on-chain inflow keeps the outlook balanced until a catalyst appears.