Shiba Inu
Why Shiba Inu is up 7.8% today
Analysis
Shiba Inu (SHIB) rose 7.8% over the past 24 hours as on-chain data showed a large net outflow of roughly 141 billion SHIB, a pattern often associated with reduced exchange-side supply and stronger demand pressure. U.Today reported the “-141 billion SHIB netflow” alongside signs of surging demand, which likely supported the upward price move.
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.