Why Shiba Inu Is Sinking Today
Top cryptocurrencies are seeing sell-offs in Monday's trading, and Shiba Inu (CRYPTO: SHIB) is participating in the pullback. The popular meme token was down roughly 4.5% over the previous 24-hour period as of 2 p.m. ET.
Among the top-15 largest cryptocurrencies, only Cardano was up over the last day of trading, while Bitcoin and Ethereum were down roughly 2% and 4%, respectively. Within the context of sell-off momentum impacting the broader crypto market, Shiba Inu's pullback today is hardly outside the norm. Even with the token shedding some value today, SHIB is still up roughly 8.2% over the last week.
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Source Fool.com
