15.43 Million SHIB Burned

Meanwhile, the cryptocurrency markets continue to dive deeper in the red. In the last 24 hours, meme token Shiba Inu has lost approximately 12 percent, dropping to $0.0000231 by now.

In the past seven days, the Dogecoin rival SHIB has lost more than 23 percent of its market value.

At press-time, SHIB remains on spot 14 on the CoinMarketCap scale with the market capitalization of $12,613,387,270.