One of the popular meme-based Cryptocurrency Shiba Inu (SHIB), has faced extreme selling pressure in the last few months. According to CoinMarketCap’s data, the market cap of Shiba Inu has dropped below $15 billion, the lowest level since 12 January. It has also lost its position from the world’s top 10 Cryptocurrencies by market cap and slipped to the 13th spot due to the latest sell-off.