Shiba Inu
Why Shiba Inu is down 1.1% in the last hour
Analysis
Shiba Inu (SHIB) slipped about 1.1% over the past hour amid signs of heightened sell-side activity among holders. U.Today reported that SHIB holders have extended aggressive selling, a dynamic that can weigh on price in the near term as market participants react to distribution pressure.
Contributing Factors (1)
Shiba Inu Holders Extend Aggressive Selling as 207 Billion SHIB Exit Exchanges
Shiba Inu has remained in demand despite the broad crypto market volatility causing the prices of major cryptocurrencies including SHIB to slow down.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.