In the volatile landscape of cryptocurrency markets, Shiba Inu, the popular meme coin, has once again captured the attention of investors with a notable surge in value, despite losing 4% of its value in the last day. The memecoin reached a high of $0.00002296 after experiencing a temporary dip to $0.00002092 just the day before.
Open Interest Surge Signals Market Activity
A key indicator of this newfound interest in Shiba Inu lies in the surge of open interest observed across major exchanges. Leading the charge are exchanges like Huobi and OKX, where Shiba Inu’s open interest soared to nearly $16 million and $15 million, respectively.
This surge in open interest reflects heightened market activity and suggests a growing number of investors are actively engaging with Shiba Inu futures contracts.
Mixed Sentiment Persists Among Traders
Despite the surge in open interest and the subsequent price rally, sentiment among traders remains mixed. While there is evident optimism d
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