What happened?
Pepe ripped higher from its Friday low, delivering about a 156% bounce that rewarded dip buyers and put pressure on short sellers. Trading volume surged to nearly $1 billion in 24 hours, equal to roughly 30% of the circulating supply. Technicals show RSI climbing out of oversold and traders watching the $0.00000800 level for signs of a sustained recovery.
Who does this affect?
Short sellers are getting squeezed and may be forced to cover, which can push prices higher in the short term. Traders, speculators, and holders of meme coins — including early buyers of related projects like PEPENODE — face big upside and downside swings. Exchanges, market makers, and liquidity providers will see heavier flow and wider spreads as volatility spikes.
Why does this matter?
This kind of sharp move and massive volume can kick off broader altcoin rotation and increase overall market volatility, drawing fresh attention and capital into meme tokens. If PEPE reclaims key levels and heads toward higher targets, momentum could attract more buying and potentially drive significant price discovery. New demand drivers like the Pepenode presale add fuel to that buying pressure, but they also heighten speculative risk and the potential for quick reversals.