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2 Big Reasons to Sell Shiba Inu

TheMotleyFool

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With a market cap of $12 billion, Shiba Inu (CRYPTO: SHIBA) is the 15th-largest crypto by market cap. But despite its size, the iconic meme coin has fallen by a staggering 75% from its all-time high reached in late October. Let's explore three reasons the downside may be far from over.

According to the crypto news site Watcher News, Shiba Inu's developers plan to help users "burn" SHIB tokens by adding a burn portal to the platform's decentralized exchange, ShibaSwap. Burning involves sending tokens to an inaccessible address to remove them from circulation, which could help boost prices by restricting supply.

Image source: Getty Images.

Source Fool.com

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