Shiba Inu
Why Shiba Inu is up 1.8% in the last hour
Analysis
Shiba Inu (SHIB) rose 1.8% over the past hour, likely extending momentum from the broader rally highlighted by CoinDesk, which attributed a sharp SHIB surge to heavy buying activity from South Korean traders. While U.Today noted netflow metrics moving out of a bullish zone (69B SHIB) that could normally weigh on price, the short-term move appears to be dominated by ongoing demand rather than on-chain flow signals.
Contributing Factors (2)
Shiba Inu surges 36% as South Korean traders fuel mystery rally
The rally has no announcement behind it, other dog tokens haven't matched it, and Korean venues are carrying the volume.
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.