Shiba Inu
Why Shiba Inu is down 1.2% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.2% over the past hour as sentiment weakened following reports that SHIB saw zero ETF-related flows in the last 24 hours and its burn rate plunged by 100%, reducing a key deflationary narrative. The combination of no fresh institutional-style demand signals and a sharp slowdown in token burns likely contributed to near-term selling pressure.
Contributing Factors (1)
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.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.