Shiba Inu
Why Shiba Inu is up 4.1% today
Analysis
Shiba Inu (SHIB) rose 4.1% over the past 24 hours as traders reacted to signs that heavy outflows were easing and exchange-side conditions were “getting better,” improving short-term sentiment. U.Today reported that SHIB saw a large net flow of roughly -207 billion tokens in 24 hours, but noted the trend appears to be improving on exchanges, which likely helped support the bounce.
Contributing Factors (1)
-207,000,000,000 Shiba Inu (SHIB) in 24 Hours, But It's Getting Better on Exchanges
The market situation is getting worse for Shiba Inu, but at least exchange pressure is descending.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.