The meme-coin market $PEPE is currently in a phase of fatigue and low liquidity, which creates fertile ground for an unexpected surge of traders’ interest; the boredom effect can push the crowd to look for a “entertaining bet,” and meme coins are ideally suited for that; the concentration of tokens among whales allows them to orchestrate a pump to attract attention and trigger FOMO; social media can whip up a wave of hype with a single viral post; the SEC’s ETF factor in October–November could become a catalyst even without approval—just rumors are enough; a short-squeeze scenario is possible if it drops to $0.0000023 and then sharply wicks above $0.0000031; a meme comeback scenario may be realized through a community flash mob; an ETF-speculation scenario could bring a short-term rise of 20–30% in September–October; but all these spikes will be brief and emotional, without real demand or technology backing them up—so it’s important to remember that $PEPE remains a social phenomenon, not an investment asset. $BTC