Shiba Inu (SHIB), the second-largest cryptocurrency of its kind, experienced a significant 8% decrease during U.S. market trading on Monday.
This drop is closely linked to Bitcoin’s fall below $65,000, registering a 3% intraday loss.
The meme cryptocurrency sector, known for its volatility, now faces speculation about whether SHIB will see a historical triple-digit surge this October, akin to past market movements.