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PEPE Coin Price Jumps 35% as Open Interest Hits $531M, Targets 22% More Gains

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Pepe ($PEPE) coin price surged almost 35% on May 8, reclaiming the $0.000010 psychological level. The explosive move caught investors off guard, fueling conversations around a new meme coin season. With the bullish transformation, the $PEPE open interest nears a new all-time high, projecting a congregation of leverage traders. Will the rising sentiments propel the $PEPE coin price by an additional 22%?