The rally has no announcement behind it, other dog tokens haven't matched it, and Korean venues are carrying the volume.
- Shiba Inu jumped about 36 percent to $0.0000057 on Sunday, adding roughly $1 billion in market value in a day without any clear fundamental catalyst.
- The token’s market capitalization is now near $3.4 billion on almost $380 million in daily trading volume, its highest turnover ranking in months.
- South Korean traders on Upbit, where the SHIB/KRW pair accounts for more than a tenth of global volume and trades at a slight premium, appear to be driving the move, while liquidations of short positions followed the rally rather than causing it.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Cathie Wood says smart investors need to start watching where AI agents spend money
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
Crypto traders are in risk-on mode as bitcoin dominance nears return to 60%
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