Shiba Inu
Why Shiba Inu is down 5.2% today
Analysis
Shiba Inu (SHIB) fell 5.2% over the past 24 hours as traders reacted to signs of weakening tokenomics and demand, including a reported 24-hour period with zero SHIB-related ETF flows alongside a burn rate that “crashed 100%,” per U.Today. U.Today also highlighted an unusually large 101B SHIB movement in 24 hours that raised questions about control and added uncertainty to near-term sentiment (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.