Shiba Inu $SHIB 5.82% Shiba Inu, the second-biggest meme coin in crypto, has dropped to $0.000015, down from this week’s high of $0.00001750
the daily volume has dropped in the past few weeks, signaling demand is drying up. Shiba Inu had a 24-hour volume of $173 million on Sunday, much lower than $DOGE 7.87% Dogecoin $1.416 billion and Pepe’s $PEPE
13.44% Pepe $933 million.
Its volume was also lower than that of other smaller meme coins, such as Official Trump, Bonk, Dogwifhat, and Peanut the Squirrel.
The same trend is happening in the futures market, where open interest has been downtrending after peaking at $272 million on May 11. It has dropped to $216 million, a smaller figure than other meme coins like Bonk and Pepe.