Shiba Inu
Why Shiba Inu is up 3.2% in the last hour
Analysis
Shiba Inu (SHIB) rose about 3.2% over the past hour even as on-chain flow data shifted, with reports noting SHIB netflow “exited the bullish zone” after roughly 69 billion SHIB moved, a dynamic that can tighten near-term circulating supply on exchanges and support price strength. U.Today highlighted this divergence—netflow cooling while price held up—suggesting traders focused more on immediate market momentum than the netflow signal in the short window.
Contributing Factors (1)
Shiba Inu Netflow Exits Bullish Zone With 69 Billion SHIB but Price Says Otherwise
Shiba Inu has suspended its recent bullish trend as onchain activity shows that selling pressure is rising again and traders are rapidly moving tokens out of exchanges.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.