Shiba Inu
Why Shiba Inu is up 4.0% today
Analysis
Shiba Inu (SHIB) rose about 4% over the past 24 hours as sentiment improved around on-chain flow data, with a U.Today report noting 26.47B SHIB in flows turning positive and a key metric signaling a potential resurgence. The move came despite mixed headlines, including U.Today coverage of Binance planning to delist the SHIB/DOGE trading pair (among others), which may have been viewed as limited in scope to specific pairs rather than SHIB broadly.
Contributing Factors (3)
26,470,900,000 SHIB Turn Positive as Key Metric Signals Resurgence
Shiba Inu's exchange flow has finally turned bullish again after multiple days of signaling rising selling pressure amid the broad crypto market downturn.
Binance Delisting Alert: SHIB/DOGE and 21 Crypto Pairs to Be Axed on This Date
Delisting move on Binance affects trading pairs of Bitcoin, Shiba Inu, Toncoin and meme coins, among others.
Shiba Inu (SHIB) Burns Crash by 87%, Mirroring Crypto Market Plunge
SHIB burns collapse as the crypto market goes down, with Bitcoin crashing below $90,000.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.