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Shiba Inu Traders Show Renewed Activity as Open Interest Surges

Shiba Inu’s open interest has climbed to 10.85 trillion SHIB tokens, indicating rising trader engagement in the meme coin market.

SHIB

Summary

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Terms & Concepts
  • Open Interest (OI): The total number of outstanding derivative contracts, such as futures or options, that have not been settled.
  • Shiba Inu (SHIB): A meme-based cryptocurrency on the Ethereum blockchain, inspired by the Shiba Inu dog breed.