Shiba Inu
Why Shiba Inu is up 1.0% in the last hour
Analysis
Shiba Inu (SHIB) edged up about 1.0% over the last hour as sentiment appeared supported by reports that large holders (“whales”) have been refusing to sell following a recent 16% rally, reducing near-term sell pressure. U.Today highlighted that whale wallets have continued holding rather than distributing into strength, which can help stabilize and lift price on shorter timeframes.
Contributing Factors (1)
Shiba Inu (SHIB) Whales Refuse to Sell 16% Rally
Shiba Inu coin whales withdraw billions of SHIB to personal wallets, refusing to take profit despite the token's recent 16% rally.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.