Dogecoin activity jumps, prices sink as meme coins test the trapdoor

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.

Dogecoin (DOGE) active addresses jumped 36% over the past week to more than 71,400, signaling renewed participation on the network.

But the surge failed to support prices, with DOGE falling 3% to about $0.102 and Shiba Inu dropping 2% to roughly $0.0000066.

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.

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.

Despite a rally in late 2024, the meme coin remains down 62% in 2025 and lacks a real use case like Bitcoin or Ethereum.

Its speculative nature and endless supply—leading to constant dilution—make 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.

Shiba Inu is the pits

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.

These price swings reflect SHIB’s sensitivity to sentiment and liquidity.

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.

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.

According to one report, Shiba Inu’s 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–$0.000015.

Key resistance levels are $0.00000732, $0.0000078, and $0.00000851. Monitoring Shibarium transaction volumes and burn rates, along with Bitcoin’s performance, will be key for investors tracking SHIB’s potential recovery.