$PEPE
🚨 Leverage-Driven Rally to Boost PEPE Prices 🚨
As the crypto market sees increased bullish activity in the derivatives space, Pepe has experienced a nearly 40% surge in open interest. According to Coinglass, PEPE’s OI now stands at $633 million. This spike has also pushed the funding rate up to 0.0105%.
The rise in both open interest and funding rate reflects growing bullish sentiment. Supporting this, short liquidations in Pepe over the past 24 hours have neared $13 million.
As Pepe bulls dominate the derivatives market, a leverage-driven rally could further fuel price momentum.
