Shiba Inu Surges 36% as South Korean Traders Flock to Upbit

Shiba Inu's price surged by 36% in a day, reaching $0.0000057, adding about $1 billion to its market value without any new announcements or developments.

The rally was mainly fueled by South Korean traders on the Upbit exchange, where SHIB/KRW trading volumes nearly matched those of Binance, highlighting strong local interest in the cryptocurrency.

This price jump follows a prior 25% surge and coincides with whale accumulation and ongoing Shibarium network development. However, reliance on a concentrated regional market and regulatory risks in South Korea could impact future momentum.