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 traders reacted to signs of rising exchange supply after reports that 13.88 trillion SHIB were deposited on exchanges this week, a flow often associated with increased near-term sell pressure. Sentiment may also have been weighed down by news of a temporary disruption to the Shiba Inu website during a protocol-related update, adding short-term uncertainty.
Contributing Factors (2)
13.88 Trillion SHIB Deposited on Exchanges This Week: Can It Be Recovered?
Pressure on Shiba Inu is immense if you combine all exchange netflows throughout the week.
SHIB Team Issues Update as Shiba Inu Website Faces Temporary Disruption
Shiba Inu community gets major status update as SHIB platform gets fix implemented.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.