Story Protocol's Baby Shark token plummets 90% as creator denies licensing issues

The Baby Shark token, which claimed to officially represent the most-watched video on YouTube, plummeted 90% after its issuance platform revealed that the company that minted the meme coin later realized it didn't have the authority to issue it. The token's price on Story Protocol plummeted from a high of 35 cents on Tuesday to less than 0.064 cents.