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.
Shiba Inu experienced a massive inflow of about 2.4 trillion SHIB tokens into exchange wallets within 24 hours, coinciding with a price jump from $0.0000042 to $0.0000054. This surge was not caused by a single whale but rather by multiple traders, ma...
Bitcoin remained above $66,000 as U.S. Senate Republicans introduced an updated CLARITY Act draft restricting crypto sponsorship by senior officials until 2029. While Bitcoin and Ethereum ETFs saw net inflows, some meme coins like Shiba Inu and BONK ...
High-cap memecoins like SHIB, PEPE, and DOGE have seen significant capital inflows, with SHIB leading a 37% rally supported by whale buying and increased token burns. This concentrated speculative interest is driving momentum but also raising risks d...
Shiba Inu (SHIB) surged 36% to $0.0000057, reaching its highest level in over two months and boosting its market cap to around $3.4 billion. The rally was driven by heavy trading on South Korea’s Upbit exchange, which accounted for over 10% of global...
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...
