Shiba Inu
Why Shiba Inu is up 1.1% in the last hour
Analysis
Shiba Inu (SHIB) rose 1.1% over the past hour as traders reacted to signs of improving on-chain activity, with U.Today highlighting that a key SHIB metric turned bullish again alongside roughly 33.2B SHIB moved in 24 hours. Additional support likely came from U.Today reporting that SBI VC Trade has added SHIB to its lending lineup, which can be read as incremental ecosystem/venue support.
Contributing Factors (3)
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.
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.
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.