Shiba Inu surges 36% as South Korean traders fuel mystery rally
MarketsShiba Inu surges 36% as South Korean traders fuel mystery rallyThe rally has no announcement behind it, other dog tokens haven't matched it, and Korean venues are carrying the volume.By Shaurya MalwaUpdated Jul 26, 2026, 7:31 a.m. Dogecoin gained 6% over the same stretch, and smaller-cap tokens moved as much as 10%, which pointed to something specific to SHIB rather than a rotation into memecoins.South Korean buying stands out. Upbit's SHIB/KRW pair is the single largest market at about $62 million, over a tenth of global volume, and it prints a slight premium to Binance and the other dollar venues.
- ▪MarketsShiba Inu surges 36% as South Korean traders fuel mystery rallyThe rally has no announcement behind it, other dog tokens haven't matched it, and Korean venues are carrying the volume.By Shaurya MalwaUpdated Jul 26, 2026, 7:31 a.m.
- ▪Dogecoin gained 6% over the same stretch, and smaller-cap tokens moved as much as 10%, which pointed to something specific to SHIB rather than a rotation into memecoins.South Korean buying stands out.
- ▪Upbit's SHIB/KRW pair is the single largest market at about $62 million, over a tenth of global volume, and it prints a slight premium to Binance and the other dollar venues.
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MarketsShiba Inu surges 36% as South Korean traders fuel mystery rallyThe rally has no announcement behind it, other dog tokens haven't matched it, and Korean venues are carrying the volume.By Shaurya MalwaUpdated Jul 26, 2026, 7:31 a.m. Published Jul 26, 2026, 7:29 a.m. 2 min readMake preferred on ShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailMake preferred on Shiba inu, the dog breed that inspired the SHIB memecoin. (Getty Images)#se-_R_99qanpfiupanivb_ .document-body > p:first-of-type::first-letter{float:none!important;font-size:inherit!important;line-height:inherit!important;margin-right:0!important;margin-top:0!important;font-weight:inherit!important}SummaryShowShiba Inu jumped about 36 percent to $0.0000057 on Sunday, adding roughly $1 billion in market value…
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