Baby Shark token crashes over 90% as Pinkfong denies official ties

A Baby Shark token built on Story Protocol has plunged by more than 90% following revelations that it is not an officially issued project by Pinkfong, CoinDesk reported. Pinkfong clarified that only two tokens, the Solana-based Baby Shark Meme and the BNB Chain-based Baby Shark Universe, are officially licensed.