11,000,000,000,000 Shiba Inu in 24 Hours, What's Happening?

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Shiba Inu (SHIB) in the last 24 hours has recorded a significant spike in open interest as traders bet heavily on the asset’s future. CoinGlass data reveals that over 11 trillion SHIB have been committed to the meme coin’s derivatives market. Advertisement Shiba Inu open interest surges as traders bet on rebound Notably, a total of 11.27 trillion SHIB valued at $90.36 million were committed in the last 24 hours. This represents a 3.94% uptick within the period and a significant development for the meme coin, which continues to face price rebound challenges. For clarity, open interest indicates the total value of future contracts that investors in Shiba Inu have opened on the meme coin. The uptick by over 3% signals renewed bullish confidence in the asset by these market participants. The data shows that the greatest percentage of traders most bullish on Shiba Inu are on the Gate exchange, which accounts for 44% of the total open interest. These investors committed 5.06 trillion SHIB worth $39.82 million to the futures market. Other exchanges include OKX, LBank and MEXC, with 11.05%, 10.6% and 10.13%, respectively. In fiat terms, the values are worth $9.99 million, $9.59 million and $9.14 million, corresponding to 1.27 trillion SHIB, 1.22 trillion SHIB and 1.16 trillion SHIB, in that order. These traders are bullish on a price rebound, and Shiba Inu has been showing an upward movement. The meme coin jumped from a low of $0.000007755 to an intraday peak of $0.000008105 in the last 24 hours. As of this writing, Shiba Inu changes hands at $0.000007875, reflecting a 0.27% increase. The trading volume has also climbed by 9% to $89.68 million. The development suggests positive sentiments in the Shiba Inu ecosystem. Notably, the current activity might be investors trying to position ahead of February, a month when the meme coin boasts an average 9% growth. You Might Also Like Sat, 01/24/2026 - 10:06 1.8 Million Daily Transactions: XRP Ledger Shows Key Growth per Latest Report By Tomiwabold Olajide February seasonality and Dogecoin rivalry fuel speculation The speculative interest is supporting upward movement for SHIB thus far, and investors will be hoping the momentum lingers. As U.Today reported, Shiba Inu might be in a battle of supremacy with the king of meme coins, Dogecoin (DOGE). SHIB has always triumphed over DOGE , and historical data reveals a 397% performance gap between the duo. With the current uptick in open interest and other critical metrics like price and volume in the green, it appears Shiba Inu is already preparing for a showdown. The meme coin’s performance in the next seven days before February will clarify things for investors. #Shiba Inu