Shiba Inu
Why Shiba Inu is up 1.7% in the last hour
Analysis
Shiba Inu (SHIB) rose 1.7% over the past hour as on-chain flow data pointed to strengthening demand. U.Today reported a -141 billion SHIB netflow, which typically indicates more tokens leaving exchanges than entering—often aligning with reduced immediate sell pressure and a short-term bullish price response.
Contributing Factors (1)
-141 Billion Shiba Inu Netflow Printed as Demand Surges
Shiba Inu continues to see growing demand, signaled by its negative exchange netflow, which stands at over -141 billion SHIB within 24 hours.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.