Shiba Inu has dumped 7% over the last 24 hours, and as a result has slipped down to being the 14th largest crypto by market cap.
Shiba Inu Has Plunged Down Around 7% Over The Past Day
After initially observing some decent bullish trend during the last couple of weeks, the past few days haven’t been so kind to the memecoin.
The last 24 hours, especially, have been rough for Shiba Inu as it’s has taken a beating of more than 7% in the period, taking the price down to just $0.00001100.
Here is a chart that shows how the crypto has performed during recent days:
Looks like the coin's price had been going down in this period | Source: SHIBUSD on TradingView
As you can see in the above graph, Shiba Inu had been on a gradual decline during the last few days, but in the past 24 hours the crypto has been riding a sharp downwards momentum.
Following this tumble in the value of the memecoin, SHIB holders are…
