PEPE Jumps 26% to $0.00000507 as Short Squeeze and Open Interest Surge
- —PEPE gained 26.38% in 24 hours to $0.00000507, up nearly 50% on the week
- —PEPE futures open interest rose 30% to $418.65 million
- —24-hour PEPE liquidations totaled $3.04 million, including $2.27 million in shorts
- —Meme coin sector market cap reached $37.8 billion, up 7.6% on the day
Why it matters: Rising open interest and volume signal fresh leveraged inflows, raising the risk of a sharp reversal if momentum fades.
Source: CoinGape