Shiba Inu plunged 24% in June 2026, making it the second-worst June in the asset's history. During the downturn, SHIB dropped out of the top 30 cryptocurrencies by market cap and slid to a five-year low below $0.0000041. Shiba Inu trades at $0.0000421 on July 1, up 0.24% after a month that wiped out nearly a quarter of its value. Shiba Inu now ranks as the 29th-largest cryptocurrency with a market valuation of $2.48 billion.