Shiba Inu price crashes as it eyes a crucial support

Description

Shiba Inu price continued its strong downtrend this week, even as its token burn rate surged by over 800%. Shiba Inu ( SHIB ) token plunged to a low of $0.00001160, its lowest level since April 9. It has dropped by 35% from its recent peak on May 12. SHIB price dropped because of the ongoing crypto market crash that has pushed Bitcoin and most altcoins lower. The sell-off intensified as whales dumped their SHIB holdings. According to Nansen data, whale holdings have declined by over 80% in the l...