Shiba Inu (SHIB) Price: Surges 36% as South Korean Traders and Whale Activity Fuel Weekend Rally

TLDR

• SHIB jumped 36% to $0.0000057 on Sunday, adding roughly $1 billion in market value
• No major announcement or development triggered the move
• South Korean exchange Upbit’s SHIB/KRW pair accounted for over 10% of global volume
• A whale returned after six months of inactivity, spending $125,000 to buy 30 billion tokens
• SHIB’s token burn rate spiked over 3,200% in 24 hours, reducing circulating supply

Shiba Inu surged 36% on Sunday, climbing from below $0.0000042 to a high of $0.0000058. That price is the highest SHIB has traded in over two months.

The token now has a market cap of around $3.4 billion and saw roughly $380 million in daily trading volume. That puts it back in the top 30 cryptocurrencies by market cap.

The move came on a quiet weekend when most crypto assets were trading flat. Dogecoin rose just 6% in the same period. PEPE gained 9% and DOGE added 5.5%, meaning no broader memecoin rotation explains SHIB’s size of move.

$SHIB up 20% meanwhile the high time frame chart… pic.twitter.com/dfNGE9NHHi

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