Oh, the Shiba Inu [SHIB] is at it again! This little pup has rallied a whopping 10.35% in 24 hours, like a dog chasing its tail in a tornado of altcoin resurgence. Meanwhile, Bitcoin [BTC] dominance? More like “Bit-domination” is taking a nap, down a few notches in the past three days. Woof!
The altcoin market cap? It’s ballooned like a clown at a circus, expanding by 7.59% from $683.58 billion to $735.46 billion. And who’s leading the pack? Not Dogecoin [DOGE], oh no! It’s Pepe [PEPE], the frog prince of memecoins, with a 27.7% leap in a day. Ribbit to the moon!
A week ago, AMBCrypto (that’s us, the geniuses) warned traders to brace for a Shiba Inu price bounce. Why? Because the SHIB price action left behind more gaps than a Swiss cheese convention. And guess what? That bounce is happening faster than a Mel Brooks punchline!
More gains? Absolutely! On-chain metrics show network-wide accumulation, which is fancier than saying “people are hoarding SHIB like it’s the last slice of pizza.”
Evidence for SHIB accumulation? It’s like finding a schnitzel in a deli!
In December, the age consumed metric spiked like a fever at a family reunion. This meant dormant Shiba Inu coins were moving faster than a Brooks comedy script. Meanwhile, the mean coin age dropped quicker than a bad joke at a wedding. Together, they screamed, “Panic selling!” But since then, the mean coin age has been climbing, and the age consumed metric? Just a few hiccups. Accumulation, baby!
The average 3-month SHIB holder? Still in the red, according to the MVRV ratio. But hey, that’s like saying the first act of a Brooks movie is slow-it’s all part of the setup for the big laugh… er, rally.
Profit-taking activity? Break-even sellers? Not yet, my friend. They’re still waiting for their cue, like extras in a Brooks film.
The 7-day moving average of the dormancy metric? It’s like the straight man in a comedy duo, agreeing with everything. Low dormancy values mean long-term SHIB holders are sitting pretty, not rushing to sell. No fire sale here, folks!
On-chain metrics say no selling wave, but does that mean SHIB is recovering? Well, it’s like asking if a Brooks movie is over after the first laugh. There’s more to come, but don’t bet your gefilte fish on it.
Final Summary (or as I like to call it, the punchline)
- The Shiba Inu price bounce? It’s got less long-term holder selling than a Brooks movie has serious moments. Network-wide accumulation? It’s happening, folks!
- Short-term price appreciation? Possible, like a Brooks cameo stealing the show. Long-term price action? Still bearish, like a critic who didn’t get the joke.
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2026-02-15 16:07