Major Korean Crypto Exchange Challenges Binance for Shiba Inu (SHIB) Market as Volume Tanks 35% in 24 Hours
Analysis
Price Impact
MedWhile overall shib trading volume has decreased by 35%, the significant surge in volume on upbit, challenging binance, indicates concentrated interest in the asian market. this localized interest, especially with low overall volume, makes the shib market sensitive to even small trades on upbit, potentially causing price fluctuations.
Trustworthiness
MedPrice Direction
NeutralThe current market sentiment is described as cautious with a dominance of sell orders, and the price has stalled within a narrow corridor. while upbit's increased activity signals a shift in interest, it hasn't yet translated into a clear bullish or bearish trend. the market is in a state of 'calm' and appears sensitive to potential shifts.
Time Effect
ShortThe article specifically mentions that the 'kimchi premium' is the key indicator for where the market may head over the 'next 48 hours,' suggesting a short-term focus for potential price movements based on this localized asian market activity.
Original Article:
Article Content:
Cover image via U.Today 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. An interesting moment has arrived on the Shiba Inu (SHIB) 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 CoinGlass . Advertisement Numbers of the day: Binance: $4.36 million (still the leader, but with only a minimal advantage). Upbit: $4.25 million (a powerful surge driven by Korean retail interest). Overall decline: SHIB trading volume has dropped by 35% over the past 24 hours. 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. HOT Stories XRP Max Pain Triggered Ahead of Friday ETF Deadline, Billions of Shiba Inu (SHIB) Vanish From Centralized Platforms, Tether CEO Reacts to Special Binance Listing of Tether Gold: Morning Crypto Report Schiff Claims Banking Lobby Crushed Crypto Almost 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. Advertisement Shiba Inu Volume Heatmap, Source: CoinGlass 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 SHIB market is extremely sensitive. With such low overall volume, even a single large trade on Upbit can move the price globally. You Might Also Like Thu, 03/26/2026 - 13:46 XRP Max Pain Triggered Ahead of Friday ETF Deadline, Billions of Shiba Inu (SHIB) Vanish From Centralized Platforms, Tether CEO Reacts to Special Binance Listing of Tether Gold: Morning Crypto Report By Gamza Khanzadaev The situation as of March 26 shows that SHIB has 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. Advertisement #Shiba Inu #SHIB #Binance #Upbit