SHIB's Record Quarter Meets Reality Check

SHIB has experienced its best quarter in history, with a 35.1% return in Q3, according to CryptoRank's onchain analytics platform.

This outperforms its previous record of 9.64% set back in 2022 and marks the first time SHIB has delivered positive returns across all three months of a quarter.

However, this momentum was short-lived as a macro shock triggered by the U.S. September PMI print led to a sharp decline in SHIB's price.

The token is currently sitting around $0.00000571, down roughly 8% on the day and underperforming Bitcoin by about 4.5 percentage points in the last 24 hours.