Open interest in Dogecoin and Shiba Inu futures has dropped significantly, indicating a decline in speculative trading and potentially lower volatility in the short term. Dogecoin's futures open interest decreased by 58.45%, while Shiba Inu saw a decline of 74.41%. Other meme coins such as PEPE, BONK, and WIF also experienced significant drops. This widespread crash suggests traders are shifting away from speculative meme coin trades, possibly due to market conditions and concerns about pump-and-dump schemes. Despite the downturn, some analysts predict potential price rebounds for Dogecoin and Shiba Inu, with one analyst projecting Dogecoin to reach $6 by 2026. However, market analysts also highlight the importance of key support levels for future price movements.



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