June Curse Strikes Again: 65% of Shiba Inu Holders Now Swimming in Red

The meme coin massacre continues—Shiba Inu holders just got mauled by the so-called 'June Curse.'

Blood in the water

65% of SHIB wallets are now underwater, proving once again that crypto's favorite doge derivative has more volatility than a caffeine-fueled day trader. The token's price action this month makes GameStop look like a blue-chip stock.

When moon?

Analysts whisper about 'buying opportunities' while quietly moving stop-losses. Meanwhile, the SHIB army barks louder—their diamond paws now conveniently forgetting last month's 40% gains evaporated faster than a DeFi rug pull.

Bonus jab: Nothing builds conviction like watching your portfolio turn the same shade of red as a Wall Street banker's Ferrari.

June Carries Bearish Prospects For Shiba Inu

The month of June has historically been bearish for the shiba inu price, and it seems that the year 2025 is not going to be any different. So far, the meme coin’s price is already down by more than 8% this month, suggesting that the month, with only less than 10 days left, is headed for another red close.

In the meme coin’s five-year history, June is the only month that has never seen a green close. As a result, it is the month with the highest negative returns for the meme coin in history. CryptoRank’s data shows an average of -13.8% returns for June and a -11.5% median return for the month.

With the passing of the years, it seems the losses for the month of June have only gotten worse. In June 2024, the meme coin crashed 32.3% to close the second quarter at a 44.3% loss. In fact, Q2 is also the worst quarter for the meme coin, with four out of the last five years closing in the red.

Given that established trends like this tend to repeat themselves, it is possible that the Shiba Inu price does continue to decline from here. The average returns for the month suggest a double-digit loss before the month is over.

SHIB Investors Suffer Massive Losses

According to data from the IntoTheBlock website, the number of Shiba Inu wallets that are nursing losses has skyrocketed. A total of 65% of all investors are currently in the red, putting them in the lead. In contrast, only 32% of investors are seeing any profit at this level, and 3% are sitting at breakeven, meaning the coins last moved around the price that the meme coin is currently trading at.

While the established trend suggests that the Shiba Inu price will continue to decline and push more investors into losses, the CoinCodex prediction suggests a change in the tide. The 5-day prediction sees an 8.8% rise to $0.00001278 in the new week.

On a longer timeframe, more specifically the 1-month prediction, Shiba Inu is expected to go even higher. It puts the meme coin as high as $0.00001496, which is a 27.35% increase from the current level.