Meme Coins See Extreme Volatility as Shiba Inu (SHIB) Futures Market Crashes 90%

Shiba Inu (SHIB) experienced a wild ride in its futures market. A surge in trading volume to $2.72 billion signaled heightened interest, but it didn't last.

Shiba Inu (SHIB) futures experienced a roller coaster ride. Trading volume surged to $2.72 billion, signaling heightened interest. However, this enthusiasm didn's last long as the volume crashed 90% to $0.28 billion, reflecting a cycle of short-lived speculation rather than sustained investment.

At press time, Shiba Inu trades at $0.00001622, showing a 2.58% gain in 24 hours. But market data paints a different picture. The massive futures spike occurred between November and December 2024, with traders chasing quick gains. Once the hype faded, so did the volume.

This pattern isn't unique to Shiba Inu. Other meme coins followed a similar path. DOGE, WIF, PEPE, and BONK all experienced massive surges, only to see their trading volumes shrink shortly after.

Meme Coins See Extreme Volatility

The meme coin market has always been highly unpredictable. Traders often rush in to capitalize on rapid price movements, but once the hype fades, capital quickly shifts to other assets, leading to sharp declines in trading volume.

Dogecoin (DOGE) led the meme coin pack, with its futures volume surging to $20.0 billion before collapsing 85% to $3.0 billion. Dogwifhat (WIF) also saw strong interest, peaking at $2.87 billion before dropping 69% to $0.90 billion.

PEPE experienced a similar fate, rising to $7.37 billion in futures volume before plunging 78% to $1.59 billion. However, BONK suffered the steepest decline, crashing 92% from $1.99 billion to just $0.16 billion, highlighting the speculative nature of the meme coin sector.

The numbers show a clear trend. Meme coins saw massive speculative bets, but they lacked sustained demand. The crashes suggest that traders exited positions quickly, leading to sharp declines across the sector.

Compared to meme coins, Bitcoin (BTC) and Ethereum (ETH) demonstrated stronger resilience in the futures market. Although they also experienced declines in trading volume, the drops were significantly less severe than those seen in speculative assets like Shiba Inu (SHIB).

Bitcoin’s futures volume shrank by 45%, falling from $98.4 billion to $54.4 billion. Ethereum saw a smaller decline of 17%, with its volume decreasing from $43.4 billion to $36.2 billion. Meanwhile, Solana (SOL) futures volume dropped by 47%, slipping from $14.7 billion to $7.9 billion.

Unlike meme coins, these blue-chip cryptocurrencies benefit from deeper liquidity and stronger investor confidence. Even in bearish market conditions, traders are less likely to abandon them entirely, making their declines more controlled and less volatile.

What’s Next for SHIB?

Shiba Inu remains a top meme coin, but its recent futures crash highlights the risks of short-term speculation. The market's next move depends on whether SHIB can build real utility beyond hype.

For now, the meme coin frenzy continues to mirror past cycles. High-volume spikes attract traders, but without lasting demand, the gains are short-lived. Investors should stay cautious and watch whether SHIB’s next rally brings real adoption—or just another speculative burst.