Shiba Inu
Why Shiba Inu is down 1.0% in the last hour
Analysis
Shiba Inu (SHIB) slipped about 1.0% over the past hour as traders digested on-chain flow data showing a large netflow event, which can signal short-term repositioning and add near-term selling pressure. U.Today reported a “-141 billion SHIB netflow” alongside signs of demand surging, and the market may have reacted to the size of the flow move despite the broader demand narrative.
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.