Shiba Inu
Why Shiba Inu is down 7.0% today
Analysis
Shiba Inu (SHIB) fell about 7% over the past 24 hours as reports pointed to renewed selling pressure from large holders, with AMBCrypto noting whales dumped roughly 32B SHIB and questioning whether key support can hold. While U.Today highlighted a bullish uptick in a crucial activity metric (33.2B SHIB in 24 hours) and separate news about SBI VC Trade adding SHIB to its lending lineup, those developments didn’t offset the near-term impact of whale 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
Moderate confidence. Multiple factors may be contributing.