Shiba Inu
Why Shiba Inu is down 4.1% today
Analysis
Shiba Inu (SHIB) slipped 4.1% over the past 24 hours as sentiment weakened around shrinking network support signals. U.Today reported that SHIB saw zero ETF-related flows in the last day alongside a burn rate that “crashed 100%,” which can reduce the narrative around supply reduction and near-term demand.
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.