Why Shiba Inu Is Plummeting Again Today

Superstar meme token Shiba Inu (CRYPTO: SHIB) is down 7.5% as of 9:30 a.m. ET, continuing the rather impressive decline from this token's late-October peak. Since its peak, Shiba Inu has lost well over 60% of its value -- over the past month alone, this token has lost nearly 40% as the rout continues.

Today's move in Shiba Inu comes alongside a continued plunge in the crypto market. Today, the total market capitalization of all cryptocurrencies has sunk by 6%, signaling a market-based move lower. As a higher-volatility token, it's perhaps unsurprising to see Shiba Inu's losses extend past those of the market. 

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Source Fool.com