Shiba Inu
Why Shiba Inu is up 4.8% today
Analysis
Shiba Inu (SHIB) rose 4.8% over the past 24 hours as market participants reacted to signs that exchange-side conditions are improving, even after a large reported outflow of 207 billion SHIB over the same period. U.Today noted that while the flow figure was negative, the situation “is getting better on exchanges,” which can be interpreted as easing immediate sell-pressure and supporting a short-term rebound.
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.