What ignites discussions about the price of PEPE reaching $0.01?

The post by US President Donald Trump on his social media platform Truth Social is one of the motivating factors for this bold prediction, after he shared an attached image with the caption: “He is on a divine mission, and nothing can stop what is coming.”

The Pepe the Frog logo appears in President Trump's post.

At first glance, Trump seems to be the subject of the message, but the most observant viewers noticed the Pepe the Frog logo in the background, which we highlighted in red above.

This unexpected appearance has sparked enthusiasm and optimism in meme coin communities; CoinGlass data showed an increase in open interest (the total value of open contracts in the futures derivatives markets) for PEPE by 9.81% over the last 24 hours, alongside a 31.8% increase in trading volumes to reach $2.7 million, while the funding rate for the coin remained positive for nine consecutive days.

This indicates that bullish speculators (buyers) are bearing higher fees to open these contracts compared to their bearish counterparts (sellers), suggesting a significantly improved overall sentiment due to opening positions related to the coin at a higher value compared to its current price in spot trading markets.