Shiba Inu Spirals Further

Shiba Inu has been stumbling over the past week, falling 8% in the last 7 days. The token dropped 3.8% over the last 24 hours alone, losing 2.9% to Bitcoin and 3.08% to Ethereum. However, the token has risen 9.5% over the last 30 days. SHIB tends to move with DOGE, and it is falling with Dogecoin as both currencies are struggling to find a foothold in a market flooded with quality staking options, lower fees, and a mountain of variety. While Shiba Inu was falling, a Twitter ($TWTR@US) account held under a pen name for a project lead for the token said that “good news” would be coming this week. Shiba Inu also issued an alert to investors, calling attention to phishing scams originating on Telegram. Currently, Shiba Inu does not offer promotions, bonuses, giveaways, airdrops, or gifts.