PEPE Jumps 6% as Futures Volume Nears $900M and Liquidation Risk Builds
- —PEPE rose 6% in 24 hours on about $350 million in spot volume
- —Futures volume for PEPE and 1000PEPE reached nearly $900 million
- —Longs accounted for $501,000 of $532,160 in liquidations
- —One contract shows a long-to-short ratio of 0.87
Why it matters: Heavy short positioning and elevated futures activity leave PEPE exposed to a sharp reversal if liquidations cascade.
Source: DailyCoin