PEPE gains 6% as derivatives volume hits $900 million, liquidation risk rises

Pepe Coin ( PEPE ), known as one of the leading meme coins in the cryptocurrency market, recorded a 6% price increase in the last 24 hours. This move stands out as PEPE moves against the generally cautious sentiment seen across digital asset markets. Despite the notable price surge, PEPE’s spot trading volume stayed relatively muted around $350 million. Analysts observed that the bulk of recent activity shifted to derivatives markets, where investor positions can be taken with leverage far above actual asset holdings.

Source: CoinTurk News