$SHIB Surges 13.4%, But Can It Sustain Momentum in Challenging September

Shiba Inu has recorded its best August performance since launch, surpassing its previous monthly record of 10.1% set in 2021.

The token's price has increased by 13.4% month-to-date (MTD), currently trading at $0.000005345.

This gain is largely attributed to the broader cryptocurrency market recovery, led by Bitcoin, which has improved sentiment across the altcoin sector and helped $SHIB extend its gains.

The token secured listings on FameEx in Australia and UEX.US in the US, giving traders greater access to $SHIB. In Japan, Shiba Inu was approved for listing on Laser Digital Japan, a licensed platform associated with Nomura Group, further strengthening its presence in a major financial market.

However, despite the strong momentum, Shiba Inu's historical performance suggests that September could present a tougher challenge. According to CryptoRank data, $SHIB has struggled in September, closing the month in positive territory only twice since launch.