Shiba Inu Jumps 36% to $0.0000057 as Upbit Buying Adds $1 Billion
Updated
Updated · CoinDesk · Jul 26
Shiba Inu Jumps 36% to $0.0000057 as Upbit Buying Adds $1 Billion
3 articles · Updated · CoinDesk · Jul 26
Summary
$0.0000057 marked a roughly 36% Sunday jump for Shiba Inu, lifting its market value to about $3.4 billion despite no project announcement or other clear catalyst.
Upbit appeared to drive the move: its SHIB/KRW pair handled about $62 million—more than a tenth of global volume—and traded at a slight premium to Binance and other dollar venues.
$380 million in daily turnover pushed SHIB to its highest trading ranking in months, while other dog tokens lagged, with Dogecoin up 6% and smaller names rising as much as 10%.
$6 million in SHIB and 1000SHIB positions were liquidated across about 2,300 traders, mostly shorts, but the liquidations followed the rally's second leg rather than causing it.
SHIB remains far below its 2021 peak, and with little new from Shibarium, the surge underscored how strongly retail sentiment—especially in South Korea—still drives the token.