Shiba Inu's Open Interest Experiences a Deflation, Focus Shifts to 14.03 Trillion SHIB
In the month of August, Shiba Inu (SHIB) has yet to experience a significant price breakout, according to historical data. The cryptocurrency, known for its meme coin status, has been facing challenges in maintaining its price stability.
Recent data indicates that the open interest for SHIB has decreased by approximately 0.25% in the last 24 hours, suggesting a decline in trading activity. This decrease in open interest, combined with a drop in whale activity and trading volume, reflects bearish momentum and cautious market sentiment.
In August 2021, SHIB showed a mixed outlook, marked by these recent declines. Price performance in August historically has been uneven, with some gains in 2021 but also declines in subsequent years. By August 2025, SHIB was trading slightly above $0.0000125, struggling to maintain support levels and showing weakening rebound momentum from July.
Specifically, data from August 2025 indicate bearish signals. SHIB experienced a price dip around 1.79% trading near $0.000012, with indicators like the MACD pointing to continued bearish momentum. The Relative Strength Index (RSI) was near oversold territory, suggesting limited short-term recovery potential. The burn rate of SHIB tokens, important for reducing supply and supporting price, had slowed significantly—dropping by over 73% within 24 hours to about 2 million tokens burned, down from previous levels of 3.2 million, which raised concerns about long-term price growth.
However, notable whale activity provided some optimism. Despite the overall price decline, large holders increased net SHIB holding from 26 billion to 422 billion tokens within 24 hours (acquiring nearly 400 billion tokens), indicating strong interest from whales buying the dip. This whale activity and increased token burns on a weekly basis suggest potential for recovery if sustained.
Market participants will be closely watching Shiba Inu's performance moving forward. A massive 14.03 trillion SHIB have been committed by investors on the futures market of the meme coin, indicating optimism about its potential. However, a potential massive selling could be on the horizon, as 84.9 trillion SHIB have been deposited by whales on exchanges, a move that might indicate selling pressure.
Currently, Shiba Inu is trading at $0.00001210, representing a 1% decline in the last 24 hours. The trading volume has declined by 9.89% to $241.57 million within the same time frame. Shiba Inu was trading at a peak of $0.00001241 in earlier trading sessions before its recent drop.
Despite the coin's poor performance in August, the historical data suggests that traders are optimistic about Shiba Inu. However, without a strong market catalyst, a steady recovery remains uncertain.
- Despite the decline in both Shiba Inu's trading volume and open interest, there are signs of optimism, as large whale holders have been investing heavily, acquiring nearly 400 billion tokens in a single day.
- The crypto market is closely monitoring Shiba Inu's performance, as significant investments have been made in the futures market, with 14.03 trillion SHIB committed, indicating investor optimism.
- As Shiba Inu struggles to maintain price stability and faces bearish signals, such as a slowdown in token burn rate and indicators like the MACD pointing to continued bearish momentum, some investors may be waiting for a market catalyst before making significant Bitcoin investments in the meme coin.
