Shiba Inu (SHIB) Price Drops By 20%, Lowest In 7 Months

  • Shiba Inu’s price fell by over 20% on Monday, reaching its lowest level since October 2021.
  • The Shiba Inu team launched a SHIB burning portal on April 25 that rewards users for burning the coin and reducing its circulating supply.
  • Prior to the launch of the burning portal, Shiba Inu’s price had been growing steadily following the announcement of its listing on the Robinhood platform.
  • However, the growth trajectory was not sustained after the portal’s launch, and Shiba Inu’s price has continued to follow the downtrend of the wider cryptocurrency market.
shiba inu3 Shiba Inu (SHIB) Price Drops By 20%, Lowest In 7 Months
Shiba Inu (SHIB) Price Drops By 20%, Lowest In 7 Months 2

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