Is Pepe Coin’s Surge About to Reverse?

Pepe coin continues its impressive rally, reaching levels unseen since January and surging 180% from its recent lows. This strong price increase has been fueled by a significant surge in trading volume, exceeding $3.2 billion, and an explosive rise in futures open interest, reaching a record high of over $662 million. Analysts suggest this growth is tied to the growing popularity of decentralized finance (DeFi) applications and surging institutional investment.