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PEPE surges 65% behind the scenes: When "smart money" starts betting on Meme, is it a bubble upgrade or a paradigm shift?
As leverage and consensus become the new narrative, the valuation logic of Meme coins is quietly being rewritten by institutions.
In the past week, the spotlight in the crypto market was stolen by a frog. PEPE surged 65% against the trend amid Bitcoin's pullback and Ethereum's weakness, with its on-chain open interest reaching a historic peak of 75 trillion tokens at one point. This is not retail frenzy—data shows a large influx of high-leverage positions into this token bo
View OriginalAs leverage and consensus become the new narrative, the valuation logic of Meme coins is quietly being rewritten by institutions.
In the past week, the spotlight in the crypto market was stolen by a frog. PEPE surged 65% against the trend amid Bitcoin's pullback and Ethereum's weakness, with its on-chain open interest reaching a historic peak of 75 trillion tokens at one point. This is not retail frenzy—data shows a large influx of high-leverage positions into this token bo











