Shiba Inu's Record-Breaking August Gains Threatened by September Seasonality

The Shiba Inu (SHIB) meme token has ended August with an all-time record return, breaking its long-term downtrend. It gained a whopping 14.8% for the month and set a new best performance in August, surpassing the previous record of +10.1% from 2021.

The asset's inclusion on the licensed Laser Digital Japan platform, part of the Nomura Group, was a significant breakthrough that drove its market capitalization to $3.2 billion. Japanese institutional investors can now access SHIB through this platform, bringing in regulated capital and lifting its price.

However, the September seasonality may pose a threat to SHIB's current momentum. Historically, the asset has never closed September with a convincing gain, while its median return for the month stands at -2.99%. A potential correction could erase the August gains and send the price back to summer lows around $0.00000430.