Shiba Inu
Why Shiba Inu is down 5.0% today
Analysis
Shiba Inu (SHIB) fell about 5% over the past 24 hours as reports pointed to notable whale selling pressure, with AMBCrypto highlighting whales dumping roughly 32B SHIB and the token testing key support levels. While U.Today noted a potentially constructive on-chain/flow metric (about 33.2B SHIB moved in 24 hours) and separate adoption-related news that SBI VC Trade added SHIB to its lending lineup, these positives didn’t offset the near-term impact of large-holder distribution.
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.
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.
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.