PEPE continues to look bullish.

At the current price of 0.00000413, it’s up 7.8% over the past 24H, but what really keeps me bullish is that the funds haven’t withdrawn.

In the past few hours, contract OI (open interest) rose from 19.2B to 21.5B, up about 12%. Meanwhile, the 4H breakout candle’s trading volume exceeded 51.3B—roughly 5x that of the previous few candles. This is a breakout on volume, not a no-volume push.

Now looking at the positioning:

Long accounts: 65.9%, long/short ratio: 1.93;
Large accounts: longs 71%, large-account long/short ratio: 2.45;
24H contract turnover is about $450M.

The funding rate has risen to 0.028%, indicating longs are starting to get crowded, but there’s still no clear sign that OI has turned downward.

The idea is straightforward:

Keep going long above 0.00000400.
If it breaks above 0.00000433 (the prior high), look for 0.00000460.
If it falls below 0.00000384, then this leg of the rally’s logic is over.

PEPE isn’t lacking capital—capital is already in: <t-2/>$PEPE