PEPE Jumps 31% in 24 Hours as Short Liquidations Hit $2.27M
- —PEPE gained 31.17% to $0.00000526 in 24 hours
- —PEPE liquidations totaled $3.04M, including $2.27M in shorts
- —Open interest rose more than 30% to $418.65M
- —Trading volume surged over 200% to $1.5B
Why it matters: The rally is fueled by leverage and a short squeeze rather than fundamentals, leaving the token exposed to sharp reversals if sentiment weakens.
Source: TokenPost