Shiba Inu has dropped below the $15 billion market cap level.

The meme-based cryptocurrency Shiba Inu (SHIB) faced extreme selling pressure in the last few months after a retail frenzy pushed the digital asset's price to a record high of $0.000088 in October 2021. CoinMarketCap's recent data shows that the market cap of Shiba Inu has dropped below $15 billion, the lowest level since 12 January.

Timeline of Shiba-inu