The cryptocurrency market has so far failed to extend its profits in August after a rise in July.
Indicators of an economic slowdown and an increase in geopolitical tensions between the US and China have also affected the market.
All top crypto tokens were trading down a few days ago.
Despite this, the decentralised finance (DeFi) token Saudi Shiba Inu (SAUDISHIB), which is available on the Binance Smart Chain (BSC), rose by more than 450 per cent and captured the attention of the crypto community.
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