Shiba Inu Soars and Crashes, But It's Still Holding Up This Week

·2 min read
Shiba Inu Soars and Crashes, But It's Still Holding Up This Week

For meme token Shiba Inu (CRYPTO: SHIB), this was certainly the case. Most cryptocurrencies saw significant volatility last weekend, as a direct result of the plunge we saw across most risk assets Friday with the omicron variant being deemed a "variant of concern" by the World Health Organization. Since crypto markets are open 24/7, 365, Shiba Inu saw significant declines over the weekend, which were quickly erased on Monday.