Shiba Inu Frenzy: Futures Open Interest Hits 7M SHIB Amid Price Rebound—Whales Cash Out

Shiba Inu’s market is heating up as futures open interest surges past 7 million SHIB—just as the meme coin’s price shows signs of life. But hold the confetti: whales are already dumping bags.

Price Recovery Meets Profit-Taking

The SHIB rally isn’t going unnoticed. Retail traders pile into futures, while deep-pocketed investors seize the moment to offload holdings. Classic crypto: the little guys buy the dip, the whales sell the rip.

Whale Watch: Big Players Exit

Open interest climbs, but blockchain sleuths spot massive SHIB transfers to exchanges. Guess someone’s not HODLing for ‘generational wealth’ after all.

Futures Frenzy vs. Spot Reality

Derivatives traders bet big on SHIB’s comeback—even as spot markets face sell pressure. Because nothing says ‘healthy market’ like leveraged speculation propping up a dog-themed asset.

The Bottom Line

SHIB’s got momentum, but whale moves suggest this rebound might be on borrowed time. In crypto, the only thing faster than a meme coin’s pump? The smart money’s exit strategy.

Bullish RSI

Prices have gained over 5% in one week alongside bullish signals from key indicators such as the 14-day relative strength index. The momentum oscillator has crossed into the bullish territory above 50 for the first time since May 23.

Supporting the bull case are volume figures, which have exceeded the daily average of 307.5 billion tokens during the recent price recovery phase, according to data tracked by CoinDesk's AI research.

Open Interest Rises as Whales Sell

Meanwhile, open interest in perpetual futures listed on Binance has surged past the 7 million SHIB mark for the first time since May 23, according to data source Velo. The upswing, accompanied by positive funding rates, suggests an increased investor interest in betting on continue price gains.

The ascent, however, could be challenged by whale and insiders moving trillions of coins to exchanges, with ten wallets controlling over half of the total token supply.

Key AI insights

• Support zone at $0.00001172-$0.00001175 attracts high-volume buying interest.
• Resistance at $0.00001196 caps upside moves with consistent reversals.
• Volume exceeds 307.5 billion token daily average during recovery phase.
• Intraday high $0.00001195 represents 1% gain from session open.
• 7.25 billion token volume spike marks resistance test during breakout attempt.

( Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.)