Around $76 million worth of funds have entered the derivatives market for Shiba Inu, according to the latest data from CoinGlass. The development led to the much-awaited price rise, where SHIB spiked nearly 2% on Monday. It also deleted its fifth zero and is currently trading at the $0.0001 range. The price rise has brought in a fresh sense of enthusiasm in the meme market.
The locked-in value of Shiba Inu tokens at $76 million in the derivatives market indicates that the dog-themed token could make a comeback. Investors have begun placing substantial bets on SHIB in the futures market. On Saturday, SHIB’s open interest spiked 15%, with 7.38 trillion tokens recorded as open interest across cryptocurrency exchanges.
The spike in the derivatives market had also made Shiba Inu reach a day’s high of $0.00001032. The majority of the open interest in SHIB came from the Gate.io exchange. It accounted for 47.13% of the total open interest, equating to about $36.63 million in SHIB.
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Increasing Interest in Shiba Inu (SHIB) in the Derivatives Market
The growing interest in Shiba Inu in the derivatives market is important for its future potential. While 2025 was not the year for SHIB, things could slowly begin to change in 2026. It also coincides with the recent market recovery, where Bitcoin climbed to the $106,000 level. A resurging confidence benefits meme coins as traders are open to gambling on their prospects.
Also Read: Massive Shiba Inu Sell-Off Sends Price Toward New Lows
Shiba Inu wanted a renewed interest, and the recent optimism in the derivatives market came as a breath of fresh air. The SHIB community is eagerly waiting for a price rise after facing two years of stagnation. Whether the dog-themed token will recover from here will be known in 2026. Taking an entry position now, when the market optimism is growing, could be beneficial.
