Shiba Inu
Why Shiba Inu is down 1.0% in the last hour
Analysis
Shiba Inu (SHIB) slipped about 1.0% over the last hour as sentiment weakened around on-chain activity, after U.Today reported that SHIB saw zero ETF-related flows in the past 24 hours alongside a burn rate that “crashed 100%,” reducing a key narrative support. Separately, U.Today noted a massive -101,000,000,000 SHIB move in 24 hours, which may have added near-term uncertainty (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.