Quick Read
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Pepe surged 23% in a week to become the top performer among the 50 largest cryptocurrencies, even as Bitcoin slipped 1%.
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PEPE’s rally may have been driven by a short squeeze rather than spot buying, as total crypto trading volume fell 25% during the surge.
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Dogecoin and Shiba Inu each fell roughly 2-3% during PEPE’s rally, ruling out a broad memecoin rotation as the cause.
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Pepe (CRYPTO: PEPE) has surged 23.4% in the past week, making it the top performer among the 50 largest cryptocurrencies….
