Currently, the Funding Rate of $PEPE is still in the neutral zone – which means:

✔️ The market has not truly FOMO'd into the meme

✔️ There is still room for new money to flow in

✔️ A short squeeze may be occurring but has not reached the climax yet

🧨 Green Funding Rate + sudden spike = warning sign that excitement is starting to build → easy to enter a sell-off phase.

Current data shows:

The short team has let go, but the long team has not really entered the game. This means: if there is a strong pump, the market is likely to experience 'rope pulling' and trigger new money flow.

Link to the original data for anyone who wants to research on their own:

coinank.com/indexdata/oivol/hist