Shiba Inu's price surged about 36% to $0.0000057, adding roughly $1 billion in market value in a single day without any new announcements or developments. The rally was mainly fueled by South Korean traders on the Upbit exchange, where the SHIB/KRW trading pair accounts for over 10% of global volume and trades at a slight premium. This surge is notable because other dog-themed tokens like Dogecoin only gained modestly, indicating the move is specific to SHIB rather than a general meme coin rally. Despite liquidations of short positions following the price increase, these were not the cause of the rally. Shiba Inu, launched in 2020 as a meme coin, has since developed a layer-2 network called Shibarium but still largely trades on retail sentiment rather than fundamental developments.
Shiba Inu (SHIB) surged 36%, fueled by heavy buying from South Korean retail investors, pushing its price to around $0.0000043-$0.000005. South Korea's Upbit exchange saw SHIB trading volumes nearly matching Binance, highlighting strong local interes...
Shiba Inu surged 22.8% to $0.000005, topping the altcoin gainers chart as optimism about its ecosystem expansion drives interest. Other notable increases include Avalanche (+8.1%), Venice Token (+5.8%), Canton (+5.1%), and Audiera (+4.6%), reflecting...
Shiba Inu lead ambassador Shytoshi Kusama has been silent on social media platform X for 74 days, a pattern seen before during which he focuses on development projects like an independent AI initiative. His silence has left the SHIB community to rely...
Shiba Inu's recent bullish trend has paused as onchain data reveals increased selling pressure with 69 billion SHIB tokens moving to exchanges for sale. Despite this bearish netflow, Shiba Inu's price surged over 10% in 24 hours, reclaiming $0.000004...
Shiba Inu's circulating supply on centralized exchanges has dropped to about 86.1 trillion SHIB, nearing the significant 100 trillion threshold. This decline indicates that investors are withdrawing tokens from exchanges to private wallets, reducing ...
