Shiba Inu surged more than 12% on Wednesday, briefly touching $0.00000502, as forced short closures drove a broader cryptocurrency-market rally. CoinGlass data showed approximately $3.38 billion in liquidations across 192,002 traders, including about $3.1 billion in short positions and $275.45 million in long positions. The short-liquidation total was the largest recorded since 2021 and exceeded the $2.47 billion in short liquidations during the October 2025 crash, even though that event produced more than $19 billion in overall liquidations. SHIB rose from $0.00000443 to around $0.00000495 at the time of reporting, gaining approximately 10% over seven days. Sentiment was also supported by comments from Senate Banking Committee Chairman Tim Scott about potential progress for the CLARITY Act, with a procedural vote expected on September 15, as well as expanded SHIB/USDT trading, lending, payment and rewards features on UEX US. Whether SHIB can hold above $0.000005 will depend on broader market strength and whether the regulatory timeline materializes as expected.