Shiba Inu Open Interest Faces 11,350,000,000,000 SHIB Twist

Key Points

1. SHIB futures open interest fell to $156.58 million (11.35 trillion SHIB) in 24 hours, marking a 10% decline.

2. Major exchanges like OKX and KuCoin saw significant drops in SHIB open interest, with OKX declining 6.57% and KuCoin dropping 11.17%.

3. Large holders moved 40% more SHIB than usual, indicating heightened market activity.

4. SHIB community marketing lead Lucie suggested the token could one day reach $30, despite current market pressures.

5. The decline in open interest suggests traders are reducing risk, potentially signaling a shift in market sentiment.