Shiba Inu
Why Shiba Inu is down 6.8% today
Analysis
Shiba Inu (SHIB) fell 6.8% over the past 24 hours as selling pressure appeared to increase amid reports of whales dumping roughly 32B SHIB, raising concerns about SHIB’s ability to hold key support levels (AMBCrypto). While there were some potentially supportive developments—such as SBI VC Trade adding SHIB to its lending lineup and a reported rebound in a key on-chain metric tied to large SHIB transfers—these positives didn’t offset the near-term impact of whale-driven distribution (U.Today).
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.