Shiba Inu Faces Historic September Slump After Strong Q3 Rally

Shiba Inu (SHIB) wrapped up its third quarter on an unexpected high note, with a 20.4% gain from August to September.

However, the meme coin's history suggests it may struggle in September, as the month has consistently punished holders.

According to analysis from CryptoRank, SHIB has finished September in positive territory only twice since its launch.

The token averages a 2.72% loss during the month, with a median return of minus 2.99%, making it one of the most challenging periods for investors.

Despite this, SHIB's resilience this year offers a counterweight to the gloomy September narrative.