Shiba Inu's Value Drops Over 93% Since 2021 Peak

Shiba Inu, which gained significant attention in 2021 partly due to Ethereum co-founder Vitalik Buterin burning 90% of the SHIB tokens he received, has seen a substantial decline in value. According to NS3.AI, the cryptocurrency reached a peak price of $0.00008616 in October 2021. However, data from CoinGecko indicates that Shiba Inu's value has since plummeted by more than 93% from that peak.