Shiba Inu has continued to perform badly over the past months and is on track to post the worst performance seen so far this year, this month.
While the month has been extremely tough for the broader crypto market, it is no surprise that the negative momentum has extended to the meme coin sector, severely affecting one of the largest meme tokens by market capitalization.
SHIB posts 24% drop in June
Data from crypto analytics platform CryptoRank shows that SHIB has dropped by more than 24% so far in June, positioning it as Shiba Inu's weakest performance this year.
While the broader crypto market has continued to struggle amid multiple volatile sessions, the decline seen in June adds to an already mixed year for SHIB, as four out of six of the past months closed with notable negative returns.
Although Shiba Inu showed a brief sign of recovery earlier in 2025, where it recorded decent returns of 2.72% and 4.74% in March and April, respectively, those gains struggled to hold as market pressure returned.
However, it has suffered the biggest drawdown in June, as the month saw a sharp pullback that triggered a 24% decline even before the month has ended, sparking increased concerns among investors about SHIB's potential price movement.
Shiba Inu hovers around $0.000004182
With June marking Shiba Inu's largest monthly decline of the year, the meme token has dropped to the lowest price level seen this year following the recent market correction.
This substantial price decline has seen Shiba Inu drop as low as $0.000004182, dashing hopes of potentially removing another zero before the year runs out.
While it is uncertain what the next month holds for SHIB, historical records show that July has proven to be a better-performing month over the years. Hence, analysts are hopeful that the asset will mimic its historical trend and experience a major price recovery in the coming month.
U.Today Editorial Team
Dan Burgin
