Solana's performance in June is shaping up to be one of its weakest months on record. According to data, the cryptocurrency has dropped by 23% so far this month, which could make it one of the worst-performing Junes in Solana's history.
Historically, June has not been a particularly strong month for Solana. The average return for the month stands at -1.6%, while the median return is -9.0%. This year's performance is already looking worse than previous years, with only June 2022 seeing a more significant decline of 26.8%.
While there is still time left in the month for a recovery, the current trend suggests that this year's June may see a similar decline to its predecessors. It remains to be seen whether Solana will be able to bounce back and end the month on a stronger note.