Shiba Inu
Why Shiba Inu is up 1.5% in the last hour
Analysis
Shiba Inu (SHIB) rose about 1.5% over the past hour as traders reacted to fresh discussion around SHIB’s burn activity, even though the latest update showed a sharp slowdown. U.Today reported that SHIB’s burn metric suffered a massive 91% crash, which can still draw short-term attention and trading flow to the token as market participants reassess supply-reduction dynamics.
Contributing Factors (1)
SHIB Burn Metric Stuns With Massive 91% Crash: Details
Major Shiba Inu metric collapses by almost 100% since the weekend.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.