Shiba Inu's 9% Plunge Today Pushes This Meme Token to 15th Spot

Today marked a big day in the stock market, with the S&P 500 officially entering correction territory. For certain cryptocurrencies such as Shiba Inu (CRYPTO: SHIB) that have been selling off for some time, it's a full-on bear market.

As of 11 a.m. ET, Shiba Inu dropped 9.8%, pushing this token to 15th place in terms of market capitalization in the cryptocurrency world. This move also officially pushed Shiba Inu's losses from its recent peak to more than 75%, a rather incredible drop in the span of approximately three months.

Image source: Getty Images.

Source Fool.com