Crypto Plunge: Pharma Bro Shkreli’s Coin Drops More Than 90% – Bloomberg

Martin Shkreli’s new crypto token appears to have been dumped.

Martin Shkreli Inu, a token worth fractions of a penny that was launched by the notorious “Pharma Bro” last month, plunged more than 90% at one point Friday, Binance data shows. The drop came after an unidentified wallet that appears to belong to Shkreli sold a massive stake in the coin.

Asked about the plunge on the social media site Discord, an account believed to be run by Shrkeli responded: “I got hacked.” A representative for Shkreli declined to comment.

Source: Crypto Plunge: Pharma Bro Shkreli’s Coin Drops More Than 90% – Bloomberg