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.
Pepe Coin (PEPE) surged 63% in a week, rising from $0.0000025 to $0.0000040 amid growing demand for meme coins. It formed a bull pennant pattern on the four-hour chart, suggesting the uptrend could continue to a target price of $0.0000057 if it break...
Shiba Inu's network activity has surged following a 22% price increase, leading to a significant burn of 41.8 million SHIB tokens in one day. This burn rate increase of 441% reduces the circulating supply, potentially boosting SHIB's price by increas...
Shiba Inu (SHIB) fell 16.13% to $0.0000052 after a recent surge, pressured by intense selling amid global market uncertainties and tariff tensions. Trading volume dropped 63%, signaling a market cooldown, with heavy sell volumes on both spot and deri...
In the last 24 hours, 39.23 million Shiba Inu (SHIB) tokens were sent to dead wallets, effectively removing them from circulation and increasing the token's burn rate by over 88%. Over the past week, 192.84 million SHIB were burned, though the weekly...
Shiba Inu (SHIB) has been officially approved as one of only six cryptocurrencies by Japan's Financial Services Agency, marking the end of a four-year freeze on new crypto licenses. This recognition places SHIB alongside major coins like Bitcoin and ...
