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$SHIB Shiba Inu Traders(SHIB) has locked 73.8 billion SHIB — worth over $76 million — into the derivatives market, according to CoinGlass data. At the same time, SHIB's "open interest" increased by over 15% in 24 hours, and the price rose about 10%, removing a zero from the meme coin's price. This breakthrough reflects traders' renewed confidence in SHIB's future prospects, especially amid the overall cryptocurrency market recovery. Most futures trading activity comes from exchanges like Gate, accounting for nearly half of the total open interest. However, high concentration and large capital inflows into derivatives also indicate increased risk, as large futures positions can amplify gains and losses.

SHIB0.99%
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