Interest in Binance’s Shiba Inu (SHIB) futures has exceeded $100 million.
Although there is a calm period in the crypto money market, there are bullish scenarios in memecoins. FLOKI and SHIB are spending the day up more than 5 percent. Bitcoin, on the other hand, is struggling hard in the 29 thousand band. In the midst of all these processes, a new data emerged on the SHIB side. According to Coinglass, interest in SHIB futures has hit $101 million, the highest level since Feb.
SHIB is on the rise; There is money in futures transactions!
According to Coinglass data, there is an increase in money inflows into SHIB futures. Binance’s SHIB futures reached $101 million. Futures entry, which has reached the highest level since Feb. 5, is associated with the rise in SHIB price.
SHIB is spending the day up close to 10% at $0.00001093. The popular memecoin project has garnered a lot of attention.
SHIB’s market cap has soared 32 percent on sentiments that the upcoming layer 2 launch will push the crypto project forward. SHIB managed to reach a market cap of $6.58 million.
The increase in market capitalization and the peak interest in futures indicate that new money is entering SHIB. Coinglass stated that increased inflows into SHIB futures tend to occur at temporary BTC price peaks.
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