11.46 Trillion Shiba Inu Flood Futures Market as Whales Return and Price Breaks Resistance

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Shiba Inu (SHIB), the widely followed meme coin, is showing signs of renewed momentum after an intense 24-hour period of bullish speculation. The coin’s open interest has spiked by 4.86%, revealing an increased appetite among investors for SHIB futures and signalling growing optimism for a price rally.

This surge in interest coincides with the market’s shift toward a bullish stance, as traders rush to establish futures positions in anticipation of a breakout. Shiba Inu’s trading volume and price have also climbed during this period, further reinforcing confidence among retail and institutional players alike.

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Over 11.4 Trillion SHIB Locked in Futures Contracts

According to data from CoinGlass, traders committed a massive 11.46 trillion SHIB, equivalent to $147.27 million, to Shiba Inu’s futures market within just 24 hours. This spike in futures activity suggests that investors believe a significant price move is imminent.

Gate.io led the surge, accounting for 56.9% of SHIB’s open interest. Traders on the platform committed $83.80 million, totalling 6.09 trillion SHIB tokens. Bitget followed with 2.07 trillion SHIB valued at $25.18 million, while OKX users committed 1.03 trillion SHIB worth $12.55 million. These three exchanges collectively contributed over 82% of the open interest volume during the period.

The increased futures activity reflects the overall sentiment shift, as traders anticipate SHIB surpassing current resistance levels. As of the latest data, Shiba Inu trades at $0.00001222, reflecting a 1.43% increase in the last 24 hours. Additionally, SHIB’s spot trading volume rose by 6.28%, reaching $109.27 million.

Whale Activity Picks Up With Nearly 6 Trillion SHIB Moved

Adding fuel to the bullish outlook is the noticeable resurgence in whale activity. Large holders moved approximately 5.96 trillion SHIB over the last 48 hours, a clear sign of accumulation or repositioning.

On-chain analytics revealed that whales transacted 3.36 trillion SHIB over the weekend, marking a 249% increase in large transaction volumes. Just a day earlier, 2.6 trillion SHIB changed hands in another massive move. While those transfers initially had little effect on price, SHIB has now begun to recover, breaking above the key $0.0000120 resistance level.

These whale movements often precede major shifts in price, making them a closely watched signal among SHIB investors and analysts.

Burn Initiative Gains Community Support

The Shiba Inu ecosystem also appears to be regaining momentum through community-driven initiatives, notably the SHIB burn program on Shibarium. Community marketing lead Lucie reminded users of the platform’s role in reducing circulating supply and encouraged participation in ongoing deflationary efforts.

With investor confidence rebounding, whales reactivating, and open interest surging, the conditions seem ripe for SHIB to attempt a sustained breakout. The coming days may prove critical as traders watch whether this momentum carries the token into a more significant price uptrend.