Shiba Inu OI Crashes Over 30%, SHIB Burns Grind To A Halt; Is This The End?

The Shiba Inu (SHIB) price has remained under strong pressure this year as weak demand and fading market momentum continue to weigh on the meme coin. Beyond the price decline, new data now show that Shiba Inu’s Open Interest (OI) has crashed by more than 30%, while its burn rate has also slowed significantly. The decline in these key metrics points to weakening investor interest, lower trading activity, and reduced network engagement. Combined with Shiba Inu’s ongoing price struggles, these growing bearish signals have raised concerns about whether Shiba Inu is losing the strength that once made it the second-largest meme coin in the crypto market.  Shiba Inu Open Interest Crashes As Price Plummets On May 27, data from Coinglass revealed that Shiba Inu’s Open Interes...