Santiment data show large whale trades across PEPE, SHIB, and FLOKI, with inflows and outflows between exchanges and market makers rising concurrently. There are no clear signals of long-term accumulation or panic selling in major on-chain activity as the meme coin space reaccelerates. Over the past seven days, FLOKI, PEPE, and SHIB each posted whale trades of at least $100,000, with Ethereum-based FLOKI and PEPE leading the surge at 950% and 620% increases, respectively, while SHIB rose 111% to rank tenth.

Pump.fun, a Solana-based platform, also reported a sharp uptick in meme-coin trading activity. The broader market showed strength at the start of January, expanding the global crypto market cap from $2.96 trillion on January 1 to $3.20 trillion by January 6, while PEPE remained up 57% over the week. During the same period FLOKI and SHIB gained 36% and 26% respectively, and as of January 9, 2026, PEPE was $0.000006050 (down 1.31%), SHIB $0.000008649 (up 1.02%), and FLOKI $0.00005298 (up 1.59%).

Arcane data indicate Pepe’s largest whale trades moved between Binance, OKX, Kraken, and Wintermute. SHIB saw its largest inflows linked to Cumberland DRW, and SHIB also displayed substantial transfers connected to Coinbase Prime and Coinhako. FLOKI’s largest whale trade occurred on a Binance hot wallet, estimated around $436,700, with notable MEV bot activity. FLOKI interacted extensively with PancakeSwap and Binance, underscoring active trading flows.

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