🐕🦺 Shiba’s Plunge: Is the Meme Coin’s Bark Worse Than Its Byte? 🐕🦺

Mark well, dear reader, the date of January 16, 2025. On that fateful morn, Shiba Inu’s open interest soared to a dizzying $519 million, a summit so lofty it seemed to touch the heavens. Yet, like a snowman in July, it melted away. By February, the decline was as swift as a Moscow winter, plunging by over 50%. And now? Now, it has tumbled below $100 million, a figure so paltry it would make a street urchin blush. Coinglass, that harbinger of doom, reports a mere $89 million-a decline of 80% in nine months. A tragedy, you say? Or perhaps, a farce?


