Popular dog-themed meme coin Shiba Inu has experienced a notable decline as small wallet holdings have plummeted to their lowest levels in almost two years. This trend comes amid a backdrop of general market uncertainty, which has elevated fear among cryptocurrency investors.
According to a recent report from Santiment, a prominent market intelligence platform, this decrease in small wallet holdings of Shiba Inu signifies that a number of small holders are abandoning the digital asset.