Shiba Inu
Why Shiba Inu is down 1.3% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.3% over the past hour as market participants reacted to reports of continued aggressive selling pressure among SHIB holders. U.Today noted that 207 billion SHIB moved off exchanges amid this selling activity, which can weigh on near-term sentiment and contribute to downside price action.
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.