PEPE Jumps 23.3% in 24 Hours as Extreme Greed Fuels Meme-Coin Rotation
- —PEPE up 23.3% in 24 hours and 36.74% in a week, versus 2.45% for the total market
- —Market cap above $2.05 billion; 24-hour volume at $1.17 billion
- —79.1% of transfer volume flagged as wash trading across 980 wallets
- —Fear & Greed Index at 78 (Extreme Greed); 74% of poll votes bullish
Why it matters: The move lacks any token-specific catalyst and rests on speculative rotation into meme coins, raising the risk of a sharp reversal.
Source: Coincu