Pepe (CRYPTO: PEPE) surged 17% Monday, leading memecoin gainers and outpacing Dogecoin's (CRYPTO: DOGE) 4% rally as trading volume exploded 520% to $1.73 billion. The Derivatives Setup Open interest on PEPE futures climbed 11.56% to $228.54 million while 24-hour trading volume exploded 520.51% to $1.73 billion, signaling fresh money entering rather than just short covering.