$76 Million in Shiba Inu Tokens Secured in Derivatives Market as Activity Increases
Significant Token Locking: Traders have locked 7.38 trillion Shiba Inu (SHIB) tokens into the derivatives market, valued at over $76 million, leading to a price surge and renewed optimism in the SHIB community.
Price Movement: SHIB's price has increased by over 10.43% in one day, reaching an intraday high of $0.00001032, breaking key resistance levels and eliminating a zero from its price.
Open Interest Growth: The open interest for SHIB has risen by more than 15%, with the majority of this interest coming from the Gate.io exchange, indicating a strong resurgence in trading activity.
Market Confidence: The increase in locked tokens and open interest reflects growing confidence in Shiba Inu's potential, suggesting a positive trend for SHIB and its investors amid a broader crypto market resurgence.
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