Shiba Inu
Why Shiba Inu is down 1.0% in the last hour
Analysis
Shiba Inu (SHIB) slipped about 1.0% over the last hour as sentiment weakened following reports that SHIB-related ETF flows hit their lowest level since 2023, signaling reduced marginal demand. U.Today also noted the broader crypto market continues to lag gold, which can reinforce risk-off positioning and weigh on meme coins like SHIB.
Contributing Factors (1)
Shiba Inu (SHIB) at Lowest Level Since 2023; Crypto Market Still Loses to Gold
Market is very close to proper stabilization after hitting lowest levels since 2023.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.