Shiba Inu
Why Shiba Inu is down 1.2% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.2% over the past hour as traders reacted to signs that recent bullish momentum in on-chain flows may be fading. U.Today reported that a 38 billion SHIB netflow reversal “reverts bullish trend,” which can weigh on short-term sentiment and prompt minor pullbacks.
Contributing Factors (2)
38 Billion Shiba Inu Netflow Reverts Bullish Trend
Shiba Inu begins to face renewed pressure as bulls appear to be slowing down, causing its selling pressure to rise again.
39.27 Trillion SHIB on Robinhood, So Who Holds More?
Robinhood sitting on 39.27 trillion SHIB, but one wallet stands above all.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.