The SEM‐2 (Space Environment Monitor‐2) instrument embedded on the NOAA‐15 Low Earth Orbit satellite provides measurements of trapped protons in the Van Allen inner belt from 1998 to nowadays. This continuous set of measurements enables us to study the dynamics of the South Atlantic Anomaly (SAA) over more than two solar cycles, particularly, its temporal evolution. We observe that the area of the SAA is anti‐correlated with the solar activity. Two physical processes explain this anticorrelation. First, the more the Sun is active the more it disables the cosmic rays to reach the Earth's magnetosphere and fill in the inner radiation belt with protons. Then, when the Sun is more active, the upper atmosphere is warmer and therefore absorbs more protons from the radiation belt. Then, we investigate the protons flux centroid of the SAA. The temporal evolution of its position, latitude and, longitude is studied over the same time interval (1998–2022). We notice that the latitude of the centroid is also anti‐correlated with the solar activity whereas the longitude seems absolutely independent. The temporal evolution of the position of the centroid shows a drift of the SAA. Indeed from 1998 to 2022 the SAA drifted of about 7° West. The SEM‐2 instrument measures flux for protons of different energies (16, 36, 70, and, 140 MeV). For each energy, the SAA dynamic has a similar trend but with different values. These differences are investigated and the results are discussed.