Shiba Inu (SHIB) trading volume is surging to $4.25 million on major Korean crypto exchange, challenging Binance's $4.36 million crown. Explore why global SHIB volume has tanked 35% in 24 hours and what this exchange battle means for the next price move.
Shiba Inu trading volume is surging to $4.25 million on major Korean crypto exchange, challenging Binance's $4.36 million crown. Explore why global SHIB volume has tanked 35% in 24 hours and what this exchange battle means for the next price move.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.market. While overall activity is declining, the Korean platform Upbit has nearly matched the global leader, Binance, in trading volumes. The gap between them now stands at a symbolic $110,000, according to Upbit: $4.25 million . How Upbit caught up with Binance on cooling SHIB market When trading volumes fall by 35%, it usually means that large players have taken a pause. During such periods, local exchanges move into the spotlight. The fact that Upbit has accumulated almost as much liquidity as the giant Binance points to a high concentration of interest, specifically in the Asian sector. XRP Max Pain Triggered Ahead of Friday ETF Deadline, Billions of Shiba Inu Vanish From Centralized Platforms, Tether CEO Reacts to Special Binance Listing of Tether Gold: Morning Crypto ReportAlmost the entire heatmap is currently red. This does not mean the price is “falling into an abyss.” It signals the dominance of sell orders and generally cautious sentiment. The market has stalled within a narrow corridor of $0.0000059-$0.0000060.We are observing a period of “calm,” where Binance’s traditional leadership is being challenged by activity coming from South Korea. At this stage, the is extremely sensitive. With such low overall volume, even a single large trade on Upbit can move the price globally. XRP Max Pain Triggered Ahead of Friday ETF Deadline, Billions of Shiba Inu Vanish From Centralized Platforms, Tether CEO Reacts to Special Binance Listing of Tether Gold: Morning Crypto Reporthas ceased to be a purely “Western” meme coin. The center of gravity has shifted to Seoul, and the “kimchi premium” is now the key indicator of where the market may head over the next 48 hours.
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