Upbit Matches Binance in SHIB Spot Volume
Shiba Inu (SHIB)
Editor:
Eugene Serbin
cryptocurrency.com.tr reports that South Korea’s Upbit has matched Binance in daily spot trading volume for Shiba Inu, with both exchanges recording $5.29 million in turnover for their respective SHIB pairs. This parity is notable because a single domestic platform has caught a major global crypto exchange in liquidity for one memecoin. Other major venues were well behind, as OKX posted $2.63 million in daily SHIB volume while Bybit reached $1.65 million. The sudden concentration of activity highlights how aggressively Korean traders are participating in SHIB even as the token remains a relatively small part of Upbit’s overall business.
How the market reacted
Whalio's own Binance spot order flow for SHIB, measured when this story was written up on 16 September 2026. Not the outlet's figures.
Whalio’s Binance spot data for SHIB shows a price of $0.000004950 with a 24-hour buy ratio of 51.0%, indicating a slight edge for buyers over the full day. The 1-hour buy ratio stands at 50.2%, while the 4-hour ratio is higher at 54.0%, suggesting that buying pressure is building in the shorter timeframes compared to the daily average. The 24-hour volume delta is positive at +$103,076, meaning net buying volume exceeded net selling volume during this period. This positive delta, combined with a Cumulative Volume Delta (CVD) of +$184,920, confirms that aggressive market buy orders have dominated the flow, resulting in 14 hours of net buying out of the last 24.
The latest daily buy ratio of 45.6% sits at the 11th percentile of the last 322 days, against a median of 48.8% - weaker buying than most days.
Was that an ordinary day?
The same Binance spot measurements for SHIB, averaged over the days leading up to the story.
This recent activity contrasts with the preceding week, where the average buy ratio was 47.1%, making today’s 51.0% reading an unusual shift toward buyer dominance. Volume today was 1.37 times the weekly average, signaling a significant spike in trading activity compared to the norm. While the 24-hour volume delta was positive, the 8-day total volume delta was negative at -$1,149,150, indicating that the broader weekly trend has been dominated by net selling. The price has dropped 8.5% over the last 8 days, and today marks only 1 of 7 days with net buying, highlighting that this recent surge is a short-term deviation from the weekly downtrend.