Shiba Inu
Why Shiba Inu is down 3.5% in the last hour
Analysis
Shiba Inu (SHIB) fell about 3.5% over the last hour as the earlier, trader-driven rally appears to have cooled, prompting short-term profit-taking after the “mystery rally” attributed to South Korean trading activity. Separately, U.Today noted SHIB netflow “exits” from the bullish zone (69B SHIB), which can align with reduced immediate buy-side support and add to near-term downside pressure.
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
Moderate confidence. Multiple factors may be contributing.