Shiba Inu
Why Shiba Inu is down 1.5% in the last hour
Analysis
Shiba Inu (SHIB) slipped about 1.5% over the past hour as selling pressure appeared to rise, with AMBCrypto highlighting whale wallets dumping roughly 32B SHIB and the token testing key support levels. While U.Today noted that a crucial SHIB metric turned bullish again (33.2B SHIB in 24 hours), the near-term price action seems to have been dominated by the reported whale distribution rather than the improving on-chain signal.
Contributing Factors (3)
Can Shiba Inu hold KEY support as whales dump 32B SHIB?
SHIB faces bearish pressure as whales sell, support weakens, and leveraged traders eye critical downside levels.
33,217,400,000 SHIB in 24 Hours: Shiba Inu Crucial Metric Becomes Bullish Again
Shiba Inu exchange flows over the last day signal declining sell-side pressure as demands appear to be growing following the brief resurgence seen yesterday.
SBI VC Trade Giant Starts Lending XRP, SHIB, BTC: Here's Full List of Coins
SBI VC Trade expands the list of crypto that users can stake on it.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.