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SHIB Surges Past $10.74 Trillion Open Interest Threshold Amid 19% Trading Spike

Guavy AI Editorial Team
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SHIB
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Shiba Inu (SHIB) has reclaimed its crucial $10.74 trillion threshold in open interest, signaling renewed momentum for the popular meme token.

The surge in SHIB's open interest volume is a significant indicator of increased activity and betting by traders on potential price increases.

According to Coinglass data, the asset's open interest has jumped 19.28% over the last 24 hours, with over 10,740,000,000,000 SHIB tokens committed to derivative markets across major exchanges as of September 5th.

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