Shiba Inu
Why Shiba Inu is down 1.7% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.7% over the past hour as sentiment weakened following reports that there were zero SHIB-related ETF flows over the last 24 hours and that SHIB’s burn rate “crashed 100%,” removing a near-term narrative catalyst for demand (U.Today). Separately, U.Today also highlighted a large 24-hour SHIB movement of about 101 billion tokens, which may have added to caution around short-term flow dynamics (confidence: 57%).
Contributing Factors (2)
Zero Shiba Inu in 24 Hours, Burn Rate Crashes 100%
Shiba Inu's price has joined the broader market meltdown, impacting its burn rate, which fell 100% in 24 hours.
-101,000,000,000 Shiba Inu (SHIB) in 24 Hours: Was Control Taken?
Shiba Inu bulls pushing funds away from exchanges, potentially enabling recovery potential for the asset.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.