Shiba Inu
Why Shiba Inu is up 4.2% today
Analysis
Shiba Inu (SHIB) rose 4.2% over the past 24 hours as traders appeared to respond to signs that SHIB’s exchange-side conditions are improving, despite a large reported outflow figure. U.Today noted “ETF flows” of -207 trillion SHIB over 24 hours but emphasized that the situation is “getting better on exchanges,” which likely supported sentiment and short-term buying.
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.