- Shiba Inu gains momentum as retail demand returns:


The Shiba Inu derivatives market is seeing broad improvement, as evidenced by the rise in open interest for perpetual futures to $31 million on Monday, up from approximately $18 million the previous day.

This increase represents a broader bullish trend after open interest dropped to $26 million on Wednesday, its lowest level since September 2024. The rise in open interest reflects renewed risk appetite and increased investor confidence, supporting SHIB's recovery.

Information on Shiba Inu futures contracts | Source: CoinGlass
Investors are increasingly betting on rising SHIB prices, as indicated by the funding rate weighted by open interest, which remained in positive territory at 0.011% on Monday, up from 0.0052% the previous day.
$SHIB $BTC
SHIB4.05%
BTC2.13%
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Before00zero
· 5h ago
The price of Shiba Inu has risen from its all-time low of $0.00000405, indicating a potential shift for the meme coin.
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