{"id":13909,"date":"2025-02-19T14:02:12","date_gmt":"2025-02-19T14:02:12","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=13909"},"modified":"2025-02-19T14:02:12","modified_gmt":"2025-02-19T14:02:12","slug":"is-the-meme-pocalypse-here-dogecoin-shiba-inu-pepe-bonk-open-interest-craters-over-50","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=13909","title":{"rendered":"Is The &#8216;Meme-Pocalypse&#8217; Here? Dogecoin, Shiba Inu, Pepe, Bonk Open Interest Craters Over 50%"},"content":{"rendered":"<div>\n<p>Open interest in <a href=\"https:\/\/www.benzinga.com\/money\/best-crypto-meme-coins\">meme coin futures<\/a> has significantly decreased as prices have dropped, sparking a debate about the sector\u2019s future.<\/p>\n<p><strong>What Happened:<\/strong> In a post on <a href=\"https:\/\/x.com\/glassnode\/status\/1892167279460114624\">X<\/a> on Feb 19, Glassnode data shows the decrease, with <strong>Dogecoin <\/strong>(CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/doge\/usd\">DOGE<\/a>) open interest down by 58.45%, falling from $3.58 billion on Dec. 9, 2024 to $1.49 billion recently.<\/p>\n<p>Other meme coins experienced even steeper drops, with <strong>Pepe<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">PEPE<\/a>) open interest down by 71.93% ($1.25 billion to $351 million), <strong>Bonk<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/\">BONK<\/a>) down 75.10% ($715 &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/25\/02\/43811832\/is-the-meme-pocalypse-here-dogecoin-shiba-inu-pepe-bonk-open-interest-craters-over-50\" alt=\"Is\" the here dogecoin shiba inu pepe bonk open interest craters over>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Open interest in meme coin futures has significantly decreased as prices have dropped, sparking a debate about the sector\u2019s future. What Happened: In a post on X on Feb 19, Glassnode data shows the decrease, with Dogecoin (CRYPTO: DOGE) open interest down by 58.45%, falling from $3.58 billion on Dec. 9, 2024 to $1.49 billion [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-13909","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13909","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13909"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/13909\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}