PEPE has recently made a stunning comeback by surpassing its local highs with a remarkable 20% weekly surge. This unexpected turn of events have provided some relief to investors who thought the frog-themed coin will never be able to get back on its feet again. What has propelled this sudden comeback, and what does it signify for the future of this meme coin? Related Reading: Litecoin $100 Milestone Indicates Promising Bullish Trends – Here’s Why PEPE Maintains Bullish Pace As Open Interest Rises PEPE, currently priced at $0.00000185 according to CoinGecko, has recently experienced a remarkable surge in its value. Over the course of 24 hours, the asset witnessed a notable rally of 16%, and within the span of just seven days, it soared by an impressive 20%. Source: Coingecko Upon analyzing the OI (Open Interest) chart from Coinglass, it becomes evident that the surge in PEPE prices was accompanied by a simultaneous increase in Open Interest. This indicates that speculators in the Futures market were not only convinced of a bullish move but were also willing to bid on the asset ..
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