The cryptocurrency sector continues to suffer the protracted consequences of the collapse of FTX, once one of the largest crypto exchanges in the world, and the meme token Shiba Inu (SHIB) is no exception, despite recent positive developments.

As it happens, Shiba Inu was at press time trading at the price of $0.000008861, recording a decline of 4.39% across the previous 24 hours, as it adds up to the weekly loss of 7.48% and 8.43% on the monthly chart, with a market cap of $4.87 billion, as per data retrieved on December 12.

(by Ana Nicenko)