Ah, dear reader! Gather ’round as we delve into the whimsical world of Shiba Inu (SHIB), that delightful canine-themed coin that has taken the financial realm by storm! In a mere 24 hours, the prices have danced and twirled, as if possessed by the spirits of bullish sentiment. Investors, with the fervor of a hungry dog chasing its tail, have plunged headfirst into the futures market, evidenced by a delightful 4.86% spike in open interest. 🐕💨
Top exchanges dominate Shiba Inu futures activity
According to the wise sages at CoinGlass, a staggering 11.46 trillion SHIB, worth a princely sum of $147.27 million, has been flung into the futures market. Such a colossal volume suggests that our dear investors are not merely tossing coins into a wishing well; they are confidently betting on the meme coin’s future, expecting it to soar like a kite in a summer breeze! 🎈
But wait! More than half of this open interest has been conjured by the traders of Gate.io, who, with a flourish, accounted for 56.9% of the total. They have committed a jaw-dropping $83.80 million for 6.09 trillion SHIB tokens. One can only imagine the raucous laughter echoing through the digital halls of this exchange! 😂
Following closely behind are Bitget and OKX, with their own contributions of 2.07 trillion SHIB worth $25.18 million and 1.03 trillion SHIB valued at $12.55 million, respectively. They account for 17.09% and 8.52% of the volume, like two jesters in a royal court, vying for attention! 🎭
As we pen this tale, Shiba Inu is prancing about at $0.00001214, a charming 1.67% increase in the last 24 hours. The investors, like eager children at a carnival, have also increased their activities, with a 6.28% uptick in trading volume at 109.27 million. What a spectacle! 🎡
Whales move 5.96 trillion SHIB in 48 hours
In a twist worthy of a grand novel, the Shiba Inu ecosystem has witnessed the stirring of the great whales! Large transactions have surged, as if the very ocean of finance has awakened. Over the weekend, on-chain transactions skyrocketed by 249%, with these mighty holders transacting a staggering 3.36 trillion SHIB. 🐋💸
This comes hot on the heels of a previous 2.6 trillion SHIB changing hands just 24 hours prior. Though the price remained as calm as a cat in a sunbeam, it has begun to shift, breaking through the $0.0000120 resistance level like a determined puppy breaking free from its leash! 🐾
With a clarion call to SHIB holders to rally and support the ecosystem through burn activities on Shibarium, many are optimistic that prices will continue to rise. Lucie, the marketing lead of the Shiba Inu team, has graciously informed the community of a platform that allows users to partake in this deflationary frolic. Let the games begin! 🎉
Read More
2025-06-16 17:14