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**8.32 Trillion in 24 Hours, Shiba Inu Open Interest Skyrockets**
Shiba Inu, the dog-themed meme coin that has taken the crypto world by storm with its remarkable growth and adoption, has seen a significant surge in open interest over the past 24 hours. This sudden increase has sparked both excitement and concern among investors and traders alike.
The data reveals that Shiba Inu’s open interest has skyrocketed to an astonishing $8.32 trillion, indicating that there is now a massive appetite for this previously oversold asset. According to some market analysts, the extreme bearish sentiment surrounding the asset might have reached its lowest point, and it’s now poised to bounce back.
In light of these developments, investors and traders are advised to take note of the Shiba Inu’s price action, which may signal a reversal in the current downtrend.
Source: u.today
