{"id":21424,"date":"2026-02-05T21:38:25","date_gmt":"2026-02-05T21:38:25","guid":{"rendered":"https:\/\/bitunikey.com\/news\/dogecoin-activity-jumps-prices-sink-as-meme-coins-test-the-trapdoor\/"},"modified":"2026-02-05T21:38:30","modified_gmt":"2026-02-05T21:38:30","slug":"dogecoin-activity-jumps-prices-sink-as-meme-coins-test-the-trapdoor","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/dogecoin-activity-jumps-prices-sink-as-meme-coins-test-the-trapdoor\/","title":{"rendered":"Dogecoin activity jumps, prices sink as meme coins test the trapdoor"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Dogecoin and Shiba Inu slid deeper into selloff territory even as on-chain activity spiked, underscoring a growing disconnect between network usage and price action across the meme-coin sector.<\/p>\n<div id=\"cn-block-summary-block_c92533fa87369a64173f47653c6c2168\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Despite a 36% surge in Dogecoin active addresses, prices fell 3%, with Shiba Inu also losing 2%. <\/li>\n<li>Increased network activity is driven more by distribution than accumulation, signaling vulnerability to further declines.<\/li>\n<li>Trading at $0.00000641, SHIB is down 92% from its 2021 peak, facing weak transaction volumes and uncertain future utility. <\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Dogecoin (DOGE) active addresses jumped 36% over the past week to more than 71,400, signaling renewed participation on the network. <\/p>\n<p>But the surge failed to support prices, with DOGE falling 3% to about $0.102 and Shiba Inu dropping 2% to roughly $0.0000066. <\/p>\n<p>Heavy net outflows, weakening technical structures, and broken support levels suggest both tokens remain vulnerable to further downside, as increased activity appears driven more by distribution than accumulation.<\/p>\n<p>Dogecoin, originally created as a joke in 2013, briefly soared to a $90 billion market cap in 2021 but has since lost over 90% of its value. <\/p>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/dogecoin\" target=\"_blank\" rel=\"nofollow\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>Despite a rally in late 2024, the meme coin remains down 62% in 2025 and lacks a real use case like Bitcoin or Ethereum. <\/p>\n<p>Its speculative nature and endless supply\u2014leading to constant dilution\u2014make it vulnerable to further declines. With no fundamental catalysts in sight, a 50% drop in 2026, potentially returning Dogecoin to its 2022 low of $0.05, seems likely.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">Shiba Inu is the pits<\/h2>\n<p>Shiba Inu (SHIB) has been volatile after recently hitting a monthly low of $0.0000065 on February 1, following a high of $0.0000097 on January 6. <\/p>\n<p>These price swings reflect SHIB\u2019s sensitivity to sentiment and liquidity.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"747\" src=\"https:\/\/bitunikey.com\/news\/wp-content\/uploads\/2026\/02\/1770327505_1_Dogecoin-activity-jumps-prices-sink-as-meme-coins-test-the.webp.webp\" alt=\"Dogecoin activity jumps, prices sink as meme coins test the trapdoor - 3\" class=\"wp-image-14448501\"><figcaption class=\"wp-element-caption\">Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/shiba-inu\" target=\"_blank\" rel=\"nofollow\">CoinGecko<\/a><\/figcaption><\/figure>\n<p>Shiba Inu is currently trading at $0.00000641, a 92% drop from its October 2021 all-time high. The token is below key moving averages, and while the RSI shows oversold conditions, no reversal has occurred. SHIB is testing critical support at $0.00000638, and a breakdown below this level could push it to $0.0000055.<\/p>\n<p>The Shiba Inu ecosystem is facing challenges, including weak daily transaction volume and a lack of sustained utility, despite its integration of Fully Homomorphic Encryption (FHE) in Q2 2026, which could boost privacy and security. The launch of a crypto ETF by T. Rowe Price could also attract regulated capital, but approval odds are low.<\/p>\n<p>According to one <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tradersunion.com\/news\/cryptocurrency-news\/show\/1401682-shiba-inu-price-prediction-for-2027\/\" target=\"_blank\" rel=\"nofollow\">report<\/a>, Shiba Inu\u2019s price could range between $0.000015-$0.000025 by 2027 if privacy upgrades succeed and the ETF is approved, with conservative estimates placing it between $0.000010\u2013$0.000015. <\/p>\n<p>Key resistance levels are $0.00000732, $0.0000078, and $0.00000851. Monitoring Shibarium transaction volumes and burn rates, along with Bitcoin\u2019s performance, will be key for investors tracking SHIB\u2019s potential recovery.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin and Shiba Inu slid deeper into selloff territory even as on-chain activity spiked, underscoring a growing disconnect between network usage and price action across the meme-coin sector. Summary Despite&hellip;<\/p>\n","protected":false},"author":1,"featured_media":13599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21424"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21424\/revisions"}],"predecessor-version":[{"id":21425,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21424\/revisions\/21425"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/13599"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}