Three factors suggest that Shiba Inu (SHIB) could drop in September after positive months in July and August. The token burn rate fell by 6% in August, with less than 600 million tokens sent to a null address, an amount whose USD equivalent is negligible. Shibarium’s activity remains stalled with only hundreds to thousands of daily transactions, after the layer-2 solution was exploited last year. Historically, September has been unfavorable for SHIB three out of five times, and 2022 already showed a trend reversal after positive summer months. However, the amount of SHIB held on exchanges has decreased, signaling a move toward self-custody and reduced immediate selling pressure.
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