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CoinDesk

Shiba Inu surges 36% as South Korean traders fuel mystery rally

Shiba Inu is surging 36% with no announcement behind it, leaving investors perplexed. South Korean traders are fueling the mystery rally, with Korean venues carrying the volume. This surge contrasts with other dog tokens, which haven't matched Shiba Inu's gains. The rally's lack of explanation has sparked speculation, with traders eagerly awaiting the next move.

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CoinDesk

Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000

Dogecoin and Shiba Inu plummet 9% as heavy volume and liquidations overwhelm support levels, exacerbating a broader risk-off move across crypto markets. This decline comes as bitcoin nears $60,000, potentially signaling a shift in investor sentiment. Market participants are closely watching the situation, with many bracing for further volatility in the coming days amidst a cautious crypto landscape.

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