Shiba Inu
Why Shiba Inu is down 4.4% today
Analysis
Shiba Inu (SHIB) fell 4.4% over the past 24 hours as market sentiment weakened following reports that there were zero SHIB ETF-related flows in the last day, removing a potential demand catalyst. At the same time, SHIB’s burn rate reportedly crashed by 100%, reducing the pace of supply reduction that traders often view as supportive for price.
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.