Doge, SHIB, Pepe, Floki, and other Metal Metal Currencies, which is the reason

Meme coins have recently noticed the massive volatile trading amid a shrinkage in the broader encryption market. It is worth noting that the top players in the part, such as Doge, Pepe, Shib, Floki and others, have also experienced market concerns recently, raising concerns about the market. Amid this, a recent report indicates that the disorder may not end yet, as the derivative data reveals a possible decrease in asset prices, which raises fears between investors.

Details of the derivative data in the decrease in the additional metal currency

At the last X Post, on the series of analyzes on the series Glassnode recently highlighted A sharp decrease in open futures contracts (OI) through the Mimi currency sector. According to the company, the OI standards, which indicate the total value of suspended derivatives, have decreased since their summits, indicating a possible declining direction.

For Dogecoin (DOGE), the 7 -day moving average OI decreased by 58.45 %, and sliding from $ 3.58 billion on December 9, 2024, to $ 1.49 billion currently. The situation is more clear for other Meme currencies, with PEPE, Bonk and WiF declines from 71.93 %, 75.10 % and 69.83 %, respectively.

These trends also followed Shaiba Eno and Fluki Ino this trend. SHIB futures decreased by 74.41 %, from 323 million dollars to 83 million dollars, while Floki recorded a decrease of 69.18 %, as it decreased from 41.7 million dollars to 12.9 million dollars.

What does this mean for investors Mimi currency?

The acute decline in OI futures indicates the “benefit from benefiting”, as traders close the benefit sites, and this may be due to the diminishing confidence. This trend can indicate a broader shift in feelings across the Meme, which prompted caution among retailers.

For investors, OI may mean decreased liquidity and high volatility in the short term. It also indicates that the speculative noise that leads Mimi currencies earlier this year may fade, leaving prices vulnerable to more corrections.

Market trends are wider on the sector

The Meme Coin market conflicts do not occur in isolation from others. The collapse of the broader encryption market, which is affected by total economic pressures, and other factors such as low trading volumes have been affected by feelings.

Amid this, coins become, as more dangerous assets, the first to negatively interact during the wider market corrections. Moreover, the recent concerns about the Solana Mimi currencies such as the distinctive symbol scale, which many consider as a rug pull project, have dominated the market morale.

Here we explore how these encrypted currencies perform the continuous market fluctuations.

How do you perform Doug, Shayb, Bibi, and Fluki?

Today’s Doge Price recorded marginal gains and exchanged hands at $ 0.2545 while recording a week more than 1.5 %. It is worth noting that Crypto has touched a height of 30 days and reduced 0.4002 dollars and $ 0.2117.

At the same time, the SHIB price today decreased by 0.2 % to 0.00001538 dollars, while the trading volume of one day decreased by 19 % to 208.42 million dollars. This leading currency with the title of dogs has decreased by 26 % over the past thirty days, indicating a 5 % decrease.

On the other hand, the PEPE COIN price decreased by 2 %, as the trading volume decreased by 38 % to 655.47 million dollars. However, the Floki price today recorded some recovery and increased by 4 % over the past 24 hours to $ 0.00009840. This last profit has helped Floki watch a 7 % weekly profit, but more than 33 % has still decreased over the past thirty days.

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Robam Roy

RUPAM is an experienced professional with three years experience in the financial market, where he developed a reputation as an insightful career and journalist. It flourishes to explore the dynamic nuances of the financial scene. It currently acts as a sub -editor in Coingepe, RUPAM experience extends beyond the traditional borders. Its role includes breaking stories, analyzing developments related to the prosecution, providing actual time updates in the encryption market, and providing insightful economic news. Robam’s profession is characterized by a deep passion for the complexity of financing and the presentation of influential stories that resonate with a diverse audience.

Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.