Shiba Inu Price Soars on South Korean Buying and Short Squeeze

Shiba Inu's price surged around 36% before settling near $0.0000050, $0.0000052, far above its previous levels.

The rally was fueled by strong buying from South Korean exchanges and a short squeeze that pushed SHIB higher.

This move marked the strongest sign of renewed demand in several months for SHIB, which had spent nearly two years under pressure as sellers controlled the market.

Despite the recent pullback, analysts note that continued strength in Bitcoin, healthy trading volume, and sustained interest in memecoins could support another move toward $0.0000080 to $0.0000100.