Shiba Inu
Why Shiba Inu is up 1.2% in the last hour
Analysis
Shiba Inu (SHIB) rose about 1.2% over the past hour, likely supported by reports that SHIB’s supply on exchanges continues to shrink, which can tighten available liquidity and buoy short-term price action. Sentiment may also have been lifted by news that Rakuten added SHIB to its mobile wallet, expanding accessibility for users.
Contributing Factors (2)
-228 Billion SHIB: Shiba Inu Coin Supply on Exchange Continues to Squeeze
Shiba Inu coin sees 228 billion SHIB exit top crypto exchanges as sell-side liquidity thins out.
E-commerce Giant Rakuten Adds Shiba Inu to Mobile Wallet
Shiba Inu will be integrated into Rakuten Wallet alongside other top digital currencies.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.