Shiba Inu holders are suffering massive losses as the price of the token crashes, with the majority of investors seeing their holdings in the red.
June is historically a bearish month for Shiba Inu, with the price down over 8% so far, heading for another red close.
In its five-year history, June has never seen a green close for Shiba Inu, with an average return of -13.8% and a median return of -11.5% for the month.
The trend of losses in June appears to be worsening over the years, with the meme coin crashing 32.3% in June 2024 and Q2 being the worst quarter.
Data shows that 65% of Shiba Inu investors are currently in the red, while only 32% are making profits and 3% are at breakeven.
While trends suggest further price declines, a 5-day prediction indicates an 8.8% rise, and a 1-month prediction expects a 27.35% increase for Shiba Inu.