Shiba Inu
Why Shiba Inu is up 1.1% in the last hour
Analysis
Shiba Inu (SHIB) edged up 1.1% over the past hour likely on increased trading interest after CoinGape reported that SHIB perpetuals trading went live on Kalshi, expanding access and potential liquidity for the token. The move came despite a less supportive on-chain backdrop, as U.Today noted SHIB’s burn activity remained weak with just $11 burned in 24 hours, which didn’t appear to drive the near-term upside.
Contributing Factors (2)
Breaking: Zcash (ZEC), NEAR, SHIB, & DOGE Perps Trading Go Live on Kalshi
Kalshi prediction market has expanded its perpetual futures trading offering to include Zcash (ZEC) and Near Protocol (NEAR). The platform shows perpetual contracts for altcoins such as Dogecoin (DOGE...
Just $11 in SHIB Burned in 24 Hours as Shiba Inu Burn Rate Stays in Red
Shiba Inu burn rate was down across nearly all timeframes, with the market now paying attention.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.