Shiba Inu Soars on $5M Spot Inflows, Largest in Nine Months

Shiba Inu (SHIB) experienced a significant price surge over the weekend, reaching an intraday high of $0.00000582 and a market capitalization of approximately $3.12 billion.

This rally was driven by $5 million in net spot inflows, the largest in nine months, indicating actual buying and holding rather than leveraged speculation.

Trading volume jumped 1,245% to $717 million, with South Korea's Upbit exchange playing a key role in this movement.