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‘Pharma Bro’ Martin Shkreli’s Crypto Token Plunges After Massive Sale

Infamous investor recently launched a digital currency that saw its value plummet on Friday.

Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG.

Martin Shkreli, former chief executive officer of Turing Pharmaceuticals AG.

Photographer: Peter Foley/Bloomberg
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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.