Shiba Inu
Why Shiba Inu is down 1.1% in the last hour
Analysis
Shiba Inu (SHIB) slipped 1.1% over the past hour as derivatives activity picked up, with futures activity reportedly jumping 16% alongside 11.21 trillion SHIB transacted in 24 hours—conditions that can coincide with short-term volatility and downside pressure. The move appears aligned with this futures-driven churn rather than a clear spot-led catalyst.
Contributing Factors (1)
11,210,000,000,000 Shiba Inu in 24 Hours, Futures Activity Jumps 16%
Shiba Inu's open interest has recovered, jumping over 16% in the past 24 hours.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.