SHIB Posts 35.1% Q3 Gain, Then Fell 8% After September PMI Reading
Blockchain.News says SHIB closed September up 11.9% for a 35.1% quarterly return, then dropped about 8% to $0.00000571 after a 58.4 US September PMI print pushed October Fed hike odds to 69.7%.
Why it matters
The figures tie a large quarterly gain in a meme coin to a single day of macro repricing, with Blockchain.News reporting the sell-off began hours after the PMI release. Because the entire account comes from one outlet and its CryptoRank citation, nothing in the chain is independently confirmed.
Key facts
SHIB returned 35.1% in Q3, which CryptoRank called the meme coin's most bullish third quarter in six years.
35.1 %Reported by Blockchain.News
SHIB's previous best third quarter was 9.64%, set in 2022.
9.64 %Reported by Blockchain.News
SHIB rose 12.2% in July, 7.55% in August and was running up 11.9% in September.
Reported by Blockchain.News
A preliminary US September PMI came in at 58.4, the fastest expansion since 2021, and the Input Prices Index reached its highest reading since October 2022.
58.4Reported by Blockchain.News
CME market pricing put the odds of a Fed rate hike in October at 69.7%.
69.7 %Reported by Blockchain.News
Bitcoin slid from an eight-month high of $87,359 down through $84,000 to around $83,600-$83,800.
87,359 USDReported by Blockchain.News
Blockchain.News separately reported that a single-hour wipe of $262 million in short Bitcoin bets on September 21 triggered the largest forced-covering event of 2026 according to CoinStats data.
262,000,000 USDReported by Blockchain.News
What happened
Blockchain.News, the only outlet covering the story, cites onchain analytics platform CryptoRank for SHIB's 35.1% quarterly return, which the outlet calls the meme coin's most bullish third quarter in six years, against a previous best Q3 of 9.64% set in 2022. It reports July at +12.2%, August at +7.55% and September running +11.9% before the day's sell-off, and says all three months of a Q3 were positive for SHIB for the first time. The same outlet reports that a preliminary US September PMI printed 58.4, the fastest expansion since 2021, with the Input Prices Index at its highest since October 2022, and that CME futures then repriced October Fed rate hike odds to 69.7%. Bitcoin fell from an eight-month high of $87,359 through $84,000 to around $83,600-$83,800, and SHIB traded near $0.00000571, down roughly 8% on the day and underperforming Bitcoin by about 4.5 percentage points over 24 hours. Two other Blockchain.News articles in the set cover FLOKI and BNB rather than SHIB, and both mention a short squeeze on September 21 when Bitcoin passed $87,000, which the SHIB piece does not reference. The claim that the quarter marked a change in how the token behaves rests on a single outlet's reading of one analytics provider, and no figure in the account is confirmed by a second source.
How the story developed
- Update
Bitcoin short liquidations of $262 million in a single hour
A separate Blockchain.News article on FLOKI dates the largest forced-covering event of 2026 to September 21, citing CoinStats data.
- First report
First report by Blockchain.News
SHIB Price Prediction: Record Q3 Gains Meet a Fed-Fueled Gut Punch — What Happens Next?
- Update
SHIB posts a 35.1% quarterly return
Blockchain.News, citing CryptoRank, calls it the meme coin's most bullish Q3 in six years, with July, August and September all positive.
- Update
Preliminary US September PMI prints 58.4
Blockchain.News reports the fastest expansion since 2021 with the Input Prices Index at its highest since October 2022.
- Update
SHIB falls about 8% to $0.00000571
The same day as the PMI print, SHIB underperformed Bitcoin by about 4.5 percentage points over 24 hours.
How coverage built up
Independent sources over time, counted the way the consensus panel counts them: a republication of a wire story does not move the line.
- 24 Sept 2026, 10:16 UTC: Blockchain.News — 1 independent source, 1 reports
- 25 Sept 2026, 10:33 UTC: Blockchain.News — 2 independent sources, 2 reports
Affected entities
Also mentioned: BlackRock, Nasdaq, Optimism
Original sources
| Publisher | Report | Role | Published |
|---|---|---|---|
| Blockchain.News Crypto media | SHIB Price Prediction: Record Q3 Gains Meet a Fed-Fueled Gut Punch — What Happens Next? | Original | |
| Blockchain.News Crypto media | FLOKI Price Prediction: The $0.00003 Wall Is Make-or-Break — Here's What Happens Next | Syndicated | |
| Blockchain.News Crypto media | BNB Price Prediction: $800 Is the Line in the Sand — Here's What Happens Next | Syndicated |
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