This $1000PEPE sell-off looks a bit like “the bulls ran for the exits first”—price fell 0.78%, while volume swelled to 2.37x. On Binance futures, $278K worth of liquidations hit within five minutes, with selling coming in faster than buying. OI shrank by around 1.1% in an hour, with its notional change ranking near the top—a classic case of stop-losses triggering deleveraging and positions contracting, not new shorts coming in to hammer the price. The taker buy/sell ratio is still holding at 1.38, which suggests some support. It ranks 94th in the overall pool of anomalies, so it’s not nothing, but it’s not a huge event either. Let’s see if things can stabilize after this flush.