Shiba Inu surged more than 12% following several catalysts that sent crypto-related assets higher. The crypto market suddenly bounced back, unleashing $3.1 billion in short liquidations, the largest in records dating back to 2021. The token was trading at $0.00000495, having touched an intraday high of $0.00000502 on Thursday. Total liquidations reached $3.38 billion, with shorts accounting for $3.1 billion compared to just $275.45 million in longs.
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