[Digital Today reporter Yoonseo Lee] Shiba Inu fell 24 percent in June, posting its weakest monthly performance of the year.

The blockchain outlet The Crypto Basic reported on July 1 local time that the decline was Shiba Inu's second-largest June drop on record.

Shiba Inu fell 32 percent in June 2024 and faced heavy selling again this June. It slipped out of the top 30 cryptocurrencies by market capitalisation, and the price fell below $0.0000041, its lowest level in 5 years. Investor sentiment weakened sharply as leveraged position liquidations occurred several times.

Some recovery also emerged toward month-end. Shiba Inu moved back above $0.0000042 and returned to the top 30 by market value. Shiba Inu's current market capitalisation is $2.48 billion, ranking 29th among cryptocurrencies.

July direction is also unclear based on past trends. Shiba Inu fell 28.5 percent in July 2021 but rose 13.4 percent in July 2022 and 11.8 percent in July 2023. It then fell 7.74 percent in July 2024 and rose 8.92 percent in July 2025. As of the article's timeframe, its return on the first day of July is up 0.77 percent.

Monthly return statistics also show mixed signals. CryptoRank data put Shiba Inu's average July return at minus 0.18 percent. The median was 4.85 percent. The average points to a slight decline, but monthly results have alternated between gains and losses.

The price remains in a weak range. Shiba Inu traded at $0.000004210, down 22.13 percent over the past 30 days. Daily trading volume rose 2.55 percent to $62.87 million.

On-chain indicators showed some signs of improvement. Investors withdrew more than 128 billion Shiba Inu tokens from exchanges, reducing exchange holdings from more than 87 trillion to 86.97 trillion. A drop in exchange balances is typically seen as a sign that holders are choosing long-term storage over selling.

The burn rate, however, remains slow. Over the past 24 hours, the community removed about 4 million tokens from circulation. That means the supply-reduction effect that could support expectations for a price recovery is still limited.

Ultimately, the key variable for Shiba Inu in July is whether improving investor sentiment translates into actual buying. A decline in exchange holdings and a return to the top 30 are positive signals, but broader markets are still under bearish pressure, and it needs further confirmation whether Shiba Inu can break away from that trend. In particular, investors are watching whether improving sentiment, stronger burn activity and falling exchange holdings lead to a recovery through July.