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The open interest of Dogecoin and Shiba Inu futures has fallen sharply against the backdrop of the overall trend in the meme coin space. According to a report by blockchain analytics firm Glassnode, the futures open interest of these assets has fallen sharply. The drop comes amid the market's ongoing price struggles, with meme coins facing a decline. Dogecoin open interest has taken a hit The futures open interest of Dogecoin, the largest meme coin by market capitalization, has fallen by 58.45%. The metric fell from $3.58 billion on December 9, 2024 to just $1.49 billion. Notably, the contraction in open interest indicates that traders are either exiting leveraged positions or losing confidence in speculative trading.

<div><span style="font-size: 15px;">The open interest of Dogecoin and Shiba Inu futures has fallen sharply against the backdrop of the overall trend in the meme coin space.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">According to a report by blockchain analytics firm Glassnode, the futures open interest of these assets has fallen sharply. The drop comes amid the market's ongoing price struggles, with meme coins facing a decline.</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">Dogecoin open interest has taken a hit</span></div><div><span style="font-size: 15px;"><br /></span></div><div><span style="font-size: 15px;">The futures open interest of Dogecoin, the largest meme coin by market capitalization, has fallen by 58.45%. The metric fell from $3.58 billion on December 9, 2024 to just $1.49 billion. Notably, the contraction in open interest indicates that traders are either exiting leveraged positions or losing confidence in speculative trading.&nbsp;</span><img src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-02/f63c51fc2cdc4394a5608d71fd4adadc.jpeg" alt="1740246562431.png" style="width: 100%; height: auto; margin-top: 10px; margin-bottom: 10px;" /></div><br />

The open interest of Dogecoin and Shiba Inu future

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The open interest of Dogecoin and Shiba Inu future

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