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Shiba Inu price jumps 36% to $0.0000057, fueled by South Korean trading and token burns.

Market News
26 Jul 2026
Blockonomi
View Source
Bullish
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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 SHIB volume, and a significant increase in token burn activity that reduced supply by over 3,200% in 24 hours. Additionally, a major SHIB holder reactivated a dormant wallet, buying 30 billion tokens, signaling renewed confidence. Despite no major announcements, these factors combined to push SHIB back into the top 30 cryptocurrencies by market cap.

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