Here's Why Shiba Inu Is Sinking This Week

Shiba Inu (CRYPTO: SHIB) has lost significant ground over the last week. The cryptocurrency's price per token was down roughly 16% across the last seven days of trading as of 4:30 p.m. EDT on Friday, according to data from S&P Global Market Intelligence.

The meme token has put up incredible returns this year and huge momentum over the last month in particular, so it's not surprising to see it pull back on the heels of massive gains. The pricing slide appears to be connected to concerns that large stakeholders could be getting ready to sell significant portions of their tokens.

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Source Fool.com