Shiba Inu surged 36%, powered by an outsized wave of buying activity from South Korean retail traders. The rally pushed SHIB’s price into the $0.0000043 to $0.000005 range.
Korea’s memecoin obsession, by the numbers
Upbit, the country’s dominant exchange, recorded approximately $4.25M in SHIB trading volume in March 2026. That figure nearly matched Binance’s $4.36M for the same period.
Korean retail investors have historically shown an attraction to meme-based tokens, creating liquidity spikes that ripple across global markets. Korean retail traders have long been aggressive participants in traditional stock markets, earning the collective nickname “ants” for their swarming trading behavior. SHIB has a 585 trillion circulating supply.
What’s actually driving this move
