Shiba Inu Open Interest Crash To 2024 Levels, Is It Game Over For The Meme Coin?

Shiba Inu's open interest has significantly underperformed compared to other major cryptocurrencies in 2025. Unlike Bitcoin and Ethereum, which saw rising open interest, Shiba Inu's open interest has plummeted. Open interest reached a peak of over $519 million in January 2025 but has since declined drastically. By early February 2025, open interest had already dropped by more than 50%. The open interest has now dipped below $100 million for the first time in 2025, hitting a yearly low. This represents an over 80% decrease in the last nine months, mirroring the coin's price decline. The continuous drop in open interest has negatively impacted Shiba Inu's price recovery. Low open interest levels in the past have historically preceded significant price movements for Shiba Inu. Specifically, lows in open interest in August 2024 were followed by rising interest and price. This suggests the current low open interest could set the stage for a future price rally. The market is potentially accumulating Shiba Inu ahead of a potential increase in activity.