Shiba Inu
Why Shiba Inu is up 2.4% in the last hour
Analysis
Shiba Inu (SHIB) rose 2.4% over the past hour as traders reacted to reports of unusually large SHIB movements—about 101 billion tokens in 24 hours—highlighted by U.Today, which can draw short-term attention and buying interest. Separately, U.Today noted “zero SHIB” ETF-related flows and a burn rate drop, keeping the focus on on-chain activity rather than supply reduction dynamics, which likely contributed to a quick volatility-driven uptick rather than a fundamentals-led rally.
Contributing Factors (2)
-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.
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.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.