Business · 26 July 2026
Shiba Inu crypto token value rises 36% with no clear reason
The Shiba Inu cryptocurrency token saw its market value increase by about $1 billion on Sunday, despite no new announcements or developments. South Korean traders on the Upbit exchange appear to be driving the surge, accounting for over a tenth of global trading volume. The rally pushed the token's market capitalisation to nearly $3.4 billion, its highest turnover ranking in months.
Reported by coindesk.com · How we write briefs