Shiba Inu
Why Shiba Inu is down 11.0% today
Analysis
Shiba Inu (SHIB) fell 11.0% over the past 24 hours as sentiment weakened around on-chain and demand signals. U.Today reported that SHIB saw zero ETF flows in the last day alongside a burn rate that “crashed 100%,” reducing a key narrative catalyst for the token.
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.