PEPE Coin’s 6% Jump Met With Huge Liquidation Scare

Pepe Coin (PEPE), one of the largest meme coins in the sector, inked 6% gains in 24 hours, defying the broader crypto market sentiment. This time, the meme currency’s ascension isn’t directly tied to Spot markets: the trading volumes kept relatively low at roughly $350 million. On the other hand, the bigger breakthrough is witnessed on Derivatives markets: cumulatively, the regular PEPE coin leveraged contract and the 1000-times multiplied version pulled in nearly $900 million in volume, real-time Futures data from CoinGlass notes. Big Liquidations Surface, Will PEPE Carry On Leapfrogging?