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Shiba Inu Price Surges 36% on South Korean Trading Frenzy

Guavy AI Editorial Team
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DOGE SHIB
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Shiba Inu's price surged by 36% in a single day to $0.0000057, adding around $1 billion to its market value without any new announcements or developments.

The rally was primarily driven by South Korean traders on the Upbit exchange, where the SHIB/KRW trading pair accounts for over 10% of global volume and trades at a slight premium.

This surge is notable because other dog-themed tokens like Dogecoin only gained modestly, indicating that the move is specific to Shiba Inu rather than a general meme coin rally.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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