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Pepe (PEPE) Rallies 8% as Meme Coin Market Adds $10 Billion
Pepe is trading near $0.0000035, surging over 8% as the meme coin sector rebounds sharply alongside Bitcoin's climb above $73,000 . The total meme coin market cap has added $10 billion in days, with Pepe leading the recovery .
Technical indicators show Pepe consolidating near $0.0000036 support, with RSI at 41 suggesting weak momentum but potential for a 100% rally toward $0.0000072 if support holds . However, regulatory scrutiny is intensifying—agencies are assessing Pepe's compliance with evolving digital asset laws, which could impact institutional adoption .
Analysts warn that 60% of Pepe's open interest carries over 20x leverage, creating risks of cascading liquidations if sentiment reverses . The token remains caught between retail enthusiasm and regulatory uncertainty .