Shiba Wallet With Billions Is Scrutinized as Coin Tumbles (1)

The unlikely star of the cryptocurrency world in October was Shiba Inu, named after the same breed of dog that inspired the market’s former unlikely meme-coin darling Dogecoin.

The value of the token has tumbled in recent days after surging for most of last month, temporarily leapfrogging over Dogecoin and putting it among the top cryptocurrencies in existence -- despite the fact that its provenance as a meme leaves it without much of a fundamental economic reason to thrive.

As the price frenzy reversed in recent days, the crypto world’s attention has been fixated on a “whale” wallet controlling billions ...