As the meme leader $PEPE , every move naturally remains highly watched.

However, the past two days’ price action clearly shows a shakeout—its upward pace is relatively weak, which is quite frustrating to watch.
But on the data side, there are signals: in the past 24 hours, PEPE contract open interest (OI) directly surged 20%, reaching $228.67 million, indicating that short-term funds are betting on a rebound.
Moreover, big players are quietly topping up positions: addresses holding between 100 million and 1 billion coins are steadily increasing their holdings, while the whales holding more than 1 billion coins control 3.64 trillion PEPE, and are also gradually adding, clearly showing expectations for what comes next in the market.
In addition, PEPE previously submitted ETF-related applications, keeping its heat and attention online throughout.
At this kind of position, if you can’t hold onto the contract, it’s better to pick up some spot and hold while waiting for the market to develop.