Dogecoin (DOGE), the original meme coin, has seen a massive 58% drop in open interest, raising concerns about its market momentum and future price action. Meanwhile, competing meme coins like Shiba Inu (SHIB) and Pepe (PEPE) are showing different trends—some resilient, others mirroring DOGE’s decline.
With meme coin speculation cooling off, is this a temporary dip or a sign of deeper weakness in the sector? Let’s analyze how Dogecoin, Shiba Inu, and Pepe compare.
Dogecoin’s Open Interest Plunge: What Happened?
Open interest (OI) refers to the total number of outstanding futures contracts in the market. A sharp decline suggests that traders are closing positions, reducing speculative interest in the asset.
📉 Dogecoin’s Open Interest has dropped 58%, indicating a major exit of leveraged traders.
Possible Reasons for the Drop:
🔻 Decline in Meme Coin Hype – Meme coins rely heavily on hype and community-driven rallies. The market may be shifting focus to layer-1 blockchains and AI-related tokens.
🔻 Profit-Taking from Traders – Many traders might have secured profits from previous rallies, leading to declining open interest.
🔻 Lack of Major Catalysts – While Dogecoin has strong community backing, there’s been no recent news or upgrades to trigger sustained momentum.
🔻 Bitcoin’s Market Influence – As Bitcoin consolidates, liquidity might be shifting away from speculative assets like DOGE.
How Do Shiba Inu and Pepe Compare?
Shiba Inu (SHIB): Holding Stronger Than DOGE?
While Dogecoin’s open interest has collapsed, Shiba Inu has maintained more stability. Unlike DOGE, SHIB has benefitted from ecosystem growth, particularly with its Shibarium layer-2 network.
✅ Shiba Inu’s Open Interest dropped only 18%, far less than DOGE’s 58% crash.
✅ SHIB’s network growth through Shibarium is attracting long-term holders.
✅ Major whale activity has been spotted accumulating SHIB during dips.
Key Levels for SHIB:
📍 Resistance: $0.0000105
📍 Support: $0.0000078
If SHIB holds above key support, it could outpace DOGE in the next bullish phase.
Pepe (PEPE): A Meme Coin with Growing Interest
Unlike DOGE, Pepe has been attracting new buyers and investors, with some whales accumulating large amounts during this dip.
📈 Pepe’s Open Interest has dropped only 10%, showing continued speculative interest.
📈 Social media mentions for Pepe remain strong, keeping it relevant in the meme coin space.
However, for Pepe to maintain an uptrend, it needs to break past $0.000002 resistance and avoid slipping below $0.0000016 support.
What’s Next for Meme Coins?
🐶 Dogecoin – Needs a strong catalyst (Elon Musk mention, network upgrade) to regain momentum.
🔥 Shiba Inu – More resilient due to Shibarium growth and whale interest.
🐸 Pepe – Still attracting speculators, but needs higher volume and breakout confirmation.
Final Thoughts: Is This the End for Dogecoin?
While Dogecoin’s 58% OI drop is concerning, it’s not necessarily the end of DOGE. Meme coins are highly volatile and often move in cycles.
For DOGE to recover, it needs:
🔹 Renewed hype and retail interest
🔹 Stronger whale accumulation
🔹 A broader crypto market uptrend
🚀 Will DOGE bounce back, or is the meme coin era fading? Let us know your thoughts!
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