Shiba Inu's price surged 36% in a single day, adding about $1 billion to its market cap, driven mainly by $62 million in buying from South Korean traders on Upbit. This spike occurred without any new product launches or announcements, highlighting the token's memecoin nature where sentiment can drive sharp moves. The SHIB/KRW pair traded at a premium, signaling strong local demand. The rally also caused around $6 million in short positions to be liquidated, intensifying the price jump. Despite the surge, Shiba Inu's price remains far below its 2021 peak, and the move underscores the influence of regional retail trading on global crypto markets.
Solana has dominated daily cryptocurrency transactions for five straight months, handling about twice the combined transactions of other major blockchains. Recently, Solana's price peaked at $126 before declining, with the $100-$118 range now crucial...
Solana has dominated blockchain activity by handling more than half of all daily cryptocurrency transactions for the past five months, even processing twice as many as other major chains combined. This surge highlights strong demand and Solana's capa...
Shiba Inu (SHIB) is showing mixed technical momentum around the $0.000006 price level, with key resistance identified between $0.00000596 and $0.00000600. Technical indicators are conflicting: the RSI is neutral, MACD suggests bearish momentum, while...
Cryptocurrencies XRP, Zcash, Hyperliquid (HYPE), and Shiba Inu (SHIB) have declined from their late-September highs as of October 12, with prices approaching critical support levels. XRP dropped from about $1.66 to near $1.395, with support at $1.35 ...
Shiba Inu (SHIB) experienced a net outflow of about 27.3 billion coins from exchanges in the last 24 hours, indicating more holders are withdrawing rather than selling. The price is currently near $0.00000541, with key resistance at $0.00000560 and s...
