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.
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.
We are observing a period of calm, where Binance’s traditional leadership is being challenged by activity coming from South Korea.
With such low overall volume, even a single large trade on Upbit can move the price globally.
The market has stalled within a narrow corridor of $0.0000059-$0.0000060.

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.
Despite a broad slowdown, Upbit has nearly equaled Binance for daily trading volumes, according to CoinGlass.
Binance is at $4.36 million and Upbit at $4.25 million, a gap of about $110,000.
This close split reflects ongoing momentum from Korean retail interest underpinning Upbit.

With overall volume depressed, even a single large order on Upbit can influence prices on a global scale.
The market remains trapped in a narrow corridor of $0.0000059-$0.0000060, signaling a calm phase as Binance’s leadership faces fresh regional competition.
As of March 26, SHIB has moved beyond its Western meme coin label, with Seoul becoming the new center of gravity.
The kimchi premium is emerging as the key indicator for the next 48 hours.

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