Memecon Shiba Inu has continued to struggle this week as the crypto has lost 17% in value over the past seven days.
Shiba Inu Continues To Decline As Whales Start Taking Profits
DOGE’s cousin coin, SHIB, has been struggling this month as it tumbles down for a straight third week. Over the past seven days alone, the memecoin has lost more than 17% in value.
In the month of October, Shiba Inu had an amazing rally even by crypto standards where at one point the crypto was up 1000% over the previous 30 days.
During this rally, SHIB entered into the top ten crypto by market cap list for a while. And briefly, it even surpassed DOGE to claim the 8th spot on the list.