Shiba Inu
Why Shiba Inu is up 1.1% in the last hour
Analysis
Shiba Inu (SHIB) ticked up 1.1% over the past hour as on-chain flow data pointed to reduced immediate sell pressure, with roughly 207 billion SHIB reported exiting exchanges. U.Today framed these withdrawals as holders moving tokens off exchanges amid “aggressive selling,” which can still coincide with a short-term price uptick if fewer coins are readily available to sell on spot markets.
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.