Shiba Inu
Why Shiba Inu is down 4.2% today
Analysis
Shiba Inu (SHIB) fell 4.2% over the past 24 hours despite mixed headlines. U.Today reported that SHIB’s exchange supply continues to “squeeze” with 228 billion SHIB leaving exchanges, which can be supportive longer-term but doesn’t necessarily prevent short-term selling pressure.
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.