Shiba Inu
Why Shiba Inu is up 1.9% in the last hour
Analysis
Shiba Inu (SHIB) rose about 1.9% over the past hour as traders reacted to reports of a large 140 billion SHIB outflow from exchanges, which can tighten readily available exchange liquidity and support short-term upside. U.Today highlighted this exchange outflow and its potential implications for market liquidity, aligning with the modest hourly move higher.
Contributing Factors (1)
Shiba Inu's 140 Billion SHIB Exchange Outflow: Implications for Market Liquidity
Shiba Inu is seeing some serious outflows, but it might not be enough to ease up the pressure.
Move Details
Explanation Confidence
Moderate confidence. Multiple factors may be contributing.