The volume of derivatives trading on the Shiba Inu (SHIB) cryptocurrency has more than doubled in the past 24 hours, according to CoinGlass. The 1000SHIB perpetual futures contract saw a 104% increase in turnover, reaching $87.61 million. Other derivative options on SHIB also experienced significant growth. The total trading volume of SHIB derivatives reached $145.89 million. On the spot market, SHIB trading volume reached $145.5 million with a growth rate of 57.49%. Overall, the trading volume of SHIB reached $291.4 million, indicating a turnover to market cap ratio of 3.75%, which is considered normal. The price of SHIB has shown lower volatility in recent weeks, with an amplitude not exceeding 2.3% during this period. This explains the previously suppressed trading volume.



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