Based on Bijié Wǎng, Shiba Inu (SHIB) saw a significant rise in open interest over the past 24 hours, reaching $75.76 million, equivalent to 10,346,899,754,165 SHIB tokens. This marks an 8% increase, signaling improved liquidity and renewed market participation. SHIB's price rose 1.83% in the same period to $0.000007345, though it remains down 8.55% for the week. Meanwhile, SHIB partner Zama completed its decentralized key generation (DKG) ceremony for its confidential blockchain mainnet, a key milestone.
Shiba Inu's Open Interest Surges 8% in 24 Hours to $75.76M
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Summary
Shiba Inu (SHIB) is among altcoins to watch as open interest surged 8% in 24 hours to $75.76 million, or 10,346,899,754,165 SHIB tokens. On-chain data shows SHIB’s price rose 1.83% to $0.000007345, though it’s down 8.55% weekly. Zama, a SHIB partner, completed its decentralized key generation ceremony for a confidential blockchain mainnet.
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