Shiba Inu
Why Shiba Inu is down 1.3% in the last hour
Analysis
SHIB slipped 1.3% over the past hour as on-chain flow data pointed to cooling demand: U.Today reported Shiba Inu netflows exiting the “bullish zone,” with roughly 69 billion SHIB shifting in a way that typically signals reduced accumulation pressure. The dip also looks like a minor pullback after the sharp recent rally highlighted by CoinDesk (a 36% surge tied to South Korean trading activity) and U.Today’s coverage of “momentum building” following a ~40% jump.
Contributing Factors (3)
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.
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.
'Momentum Building': Shiba Inu Veteran Reacts to 40% SHIB Price Surge
Shiba Inu trading volume surged as much as 1200% as SHIB price suddenly gained momentum.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.