PEPE’s Futures & Options OI surged 37.56% to $163.46 million, followed by a derivatives volume upsurge of 74.07% to $2.58 billion. This data hinted at strong investor interest in the asset, followed by a substantial increase in market activity.

Meanwhile, the RSI hovered at 73, further mirroring PEPE’s strong bullish momentum. However, it also signals that the asset is overbought, and may be due for a correction in the future.