The meme coin sector, led by Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE), is experiencing a pullback driven by broader crypto market selling pressure. However, trading sentiment remains split among the three assets.
Diverging Retail Interest
Despite the recent price dips, Futures Open Interest (OI) data suggests that retail traders are maintaining a “risk-on” sentiment for the two largest meme coins:
- DOGE Futures OI is up 2% in the last 24 hours, reaching $4.43 billion.
- SHIB Futures OI is also up 2% to $193.05 million.
Conversely, PEPE is seeing bearish momentum, with its Futures OI down 5.91% to $558.66 million, indicating traders are closing long positions.
In summary, while all three meme coins face selling pressure, DOGE and SHIB are showing some resilience in derivatives trading, whereas PEPE is experiencing a clear decline in bullish sentiment. Their immediate price movements depend on whether they can hold crucial support levels defined by EMAs and historical lows.
October 2025, Cryptoniteuae
