Shiba Inu
Why Shiba Inu is down 1.3% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.3% over the past hour as traders appeared to focus more on near-term market selling despite signs of tightening exchange supply. U.Today reported that SHIB’s supply on exchanges continues to “squeeze,” which can be supportive longer-term but doesn’t always prevent short-term pullbacks.
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
Moderate confidence. Multiple factors may be contributing.