If he's started this shed, then there's nothing you can do but wait it out. As to why...? The others have brought up various stress issues you can check. I just have a couple questions: What do you use to heat the enclosure? Is there any chance at all it could be burns on his belly? Or irritation due to constantly wet substrate? Have his eyes clouded over yet?
The other question I have comes from you mentioning a previous owner. How long have you had him? At 3.5 feet, he is unlikely to be growing so fast he needs to shed twice in the same month...but if you've only recently aqquired him and are "fattening" him up...then it might be that he's just outgrown his old skin. Or it could be stress due to a new environment, depending on how long you've had him and how long he had to settle in before you started handling him on a daily basis.