Shiba Inu
Why Shiba Inu is down 1.2% in the last hour
Analysis
SHIB slipped 1.2% over the past hour as the earlier “mystery rally” momentum appeared to cool, prompting a modest pullback after the sharp surge reportedly driven by South Korean traders. Separately, U.Today noted SHIB netflows exiting a bullish zone (around 69B SHIB), which can align with short-term selling pressure and help explain the dip despite recent strength.
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.