$1000PEPE is showing some real action. It surged 1.69% in just 15 minutes, with volume at 3.21 times normal and a Z-score of 3.3—this isn't a low-volume fake breakout. The close is above the highs of the last 20 five-minute candles, the taker buy/sell ratio is 1.13, and the taker volume delta is 6%. Buyers are clearly pushing it higher.

What's more interesting is the OI: up 1.10% over 15 minutes and 1.31% over an hour, with notional changes also trending upward. Its anomaly percentile is 97.8%, ranking #14 across the whole pool. Price and OI rising together points to new leveraged longs entering—not a short squeeze.

When leveraged longs pile into a meme coin like PEPE, volatility can intensify. If you're chasing the move, keep your stop-loss tight.