Shiba Inu
Why Shiba Inu is up 1.2% in the last hour
Analysis
Shiba Inu (SHIB) rose about 1.2% over the past hour as market participants reacted to reports of a 140 billion SHIB net outflow from exchanges, which can reduce readily available sell-side liquidity in the near term. U.Today noted that this exchange outflow has implications for market liquidity, aligning with the modest upside move as fewer tokens sit on exchanges.
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.