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# Shiba Inu Futures Witness a Massive Increase of 9.2 Trillion Tokens in a Day
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Shiba Inu (SHIB) futures have been active recently, with open interest increasing as market feeling becomes optimistic. CoinGlass data indicates a 6% rise in the past day, with over 9.2 trillion SHIB tokens now involved in the futures market.
## Overview of Shiba Inu Open Interest
According to CoinGlass, the total USD value of involved SHIB is $121.63 million. Gate.io leads the SHIB open interest market with 6.92 trillion SHIB ($90.26 million), accounting for 74% of the total. Bitget comes next with 974.05 billion SHIB.
OKX, CoinEx, and BingX also possess considerable SHIB amounts in the futures market. The increasing open interest direction indicates confidence among futures traders regarding the crypto’s potential for recovery. This is not the initial SHIB open interest increase, demonstrating favorable acceptance despite market instability.
Currently, the meme coin is trading at $0.00001308, increasing by 1.04% in a day, recovering from this week’s losses. As U.Today stated, the token previously exceeded the $0.000013 resistance, intending to regain lost territory. With the open interest direction ongoing, the coin may experience additional gains.
The Shiba Inu environment has encountered a few fluctuations over the past month, particularly the substantial decline in Shibarium’s transaction count. Nevertheless, notwithstanding this, crucial expansion indicators suggest that SHIB’s impact isn’t diminishing. Toncoin (TON) Value Forecast for March 26th
