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Recently, PEPE's performance has been quite explosive. In just two days, its increase exceeded 50%, causing the entire meme coin sector to become lively, with a market cap surge of $3 billion within 24 hours. As a leading representative of meme tokens, PEPE has become the frontrunner in this wave of market activity thanks to social media buzz and retail investor enthusiasm.
Speaking of this surge, the reasons behind it are quite clear. Short sellers were forced to cover their positions, risk trading sentiment at the beginning of the year warmed up again, and there was speculation around meme coin ETFs. These factors combined to trigger the market movement. Interestingly, the number of PEPE holders has already surpassed 500,000, and community cohesion continues to strengthen.
The most discussed question in the market now is: can this "meme season" continue? Will PEPE maintain its strength and drive established meme coins like SHIB and DOGE to rise together? These have become the most noteworthy focal points in the current meme coin track.