Shiba Inu’s (SHIB ($0.00)) impressive surge to $0.000033 earlier this month has been eclipsed by a sharp price correction over the past week.

At press time on Friday, SHIB was trading at $0.00002191, reflecting a 2% drop in the last week and nearly 20% over the past seven days. A broader cryptocurrency market downturn and substantial sell-offs by SHIB whales largely drive this decline.

On Thursday, the blockchai...