Shiba Inu futures decline deepens as XRP open interest climbs to $2.78B
Shiba Inu’s price slipped to another fresh low this week, deepening a slump that has quietly reshaped how traders view the token’s derivatives market. The broader Shiba Inu futures decline now stretches across the vast majority of exchanges tracking the meme coin, according to derivatives data from TradingView, and it’s raising uncomfortable questions about whether SHIB can claw back any of the attention it once commanded.
Key takeaways
- Shiba Inu dropped to $0.0000054 on Monday, down nearly 67% over the past year.
- Eight out of ten crypto exchanges tracked by TradingView reported a drop in SHIB futures open interest.
- KuCoin saw the steepest decline in open interest, falling 11.31%, while derivatives volume there dropped nearly 70%.
- Traders are closing SHIB futures positions faster than they’re opening new ones, a pattern that intensified from 2024 into 2025 and 2026.
- XRP’s futures open interest is climbing toward $2.78 billion even as its price falls, a sharp contrast to SHIB’s fading derivatives activity.
Shiba Inu’s Declining Price and Market Interest
Shiba Inu is trading near its weakest levels in years, and the price chart tells only part of the story. The token touched $0.0000054 on Monday, extending a downtrend that has erased close to 67% of its value over the past twelve months, based on the derivatives data cited by TradingView. There’s no meaningful rebound in sight, and that absence of upward momentum has kept traders on the sidelines rather than pulling them back in.
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