$PEPE is pumping mainly because liquidity rotated into meme coins overnight....
Bitcoin and majors went quiet, so traders shifted capital into high-beta memes. $PEPE is one of the first names money flows into when risk appetite turns on.
There was also a technical breakout. $PEPE held support, built a base, and once it cleared short-term resistance, momentum traders and algos jumped in together.
Add to that social hype + derivatives activity. Rising volume, funding flips, and crowd attention create a feedback loop price moves fast, more eyes come in, and the move extends.
In simple words:
Money left slow coins and rushed into PEPE for quick gains. When memes wake up, they don’t move slowly.