Shiba Inu (SHIB) has seen increased open interest and whale accumulation, suggesting growing investor activity despite the asset remaining below its 200-day moving average. However, derivatives activity and leverage are driving the market, raising concerns about the meme coin's sustainability. Year to date, SHIB is down 24.6%, and its annual decline stands at 54.15%.

SHIB-1.15%
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments