Shiba Inu
Why Shiba Inu is down 1.1% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.1% over the past hour as exchange inflows and broader liquidation pressure weighed on memecoins. U.Today reported that billions of SHIB tokens were injected into exchanges alongside crypto market liquidations hitting memecoins, a setup that typically increases near-term sell pressure and volatility.
Contributing Factors (1)
Shiba Inu (SHIB) Sees Billions of Tokens Injected to Exchanges: Crypto Market Liquidations Hits Memecoins
Shiba Inu's metrics show an increasing volatility, but unfortunately it's not going in the direction you'd expect.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.