Shiba Inu Price Slumps Amid Fading Derivatives Activity
Shiba Inu's price has declined sharply over the past year, reaching $0.0000054 on Monday and erasing nearly two-thirds of its value.
The decline in futures open interest is a clear sign of fading interest in Shiba Inu, with eight out of ten cryptocurrency exchanges tracked by TradingView reporting a drop in SHIB futures open interest.
Positions are being closed faster than new ones are opened, according to the TradingView data referenced in the report. This imbalance has been building since 2024 and has gathered pace through 2025 and into 2026.
The numbers are consistent across platforms, with KuCoin seeing a drop of 11.31% in futures open interest, while derivatives volume there dropped nearly 70%. Other exchanges such as Bitget, MEXC, OKX, and Gate also saw significant declines in futures open interest and derivatives volume.