Shiba Inu's June Plunge: Meme Token Hits Lowest Level This Year

Shiba Inu has continued to struggle in the market, posting its worst performance of the year so far. The meme token dropped by more than 24% in June, according to data from CryptoRank.

This decline adds to an already mixed year for Shiba Inu, with four out of six months closing with notable negative returns. Although the asset showed brief signs of recovery earlier in the year, its gains struggled to hold as market pressure returned.

Shiba Inu's price has dropped to $0.000004182, marking its lowest level this year following a recent market correction.