PEPE Rockets Past $20M Market Cap on 2,251% 24H Surge

I noticed BAGS' meme token PEPE rocketed to a temporary market cap above $20 million after an extraordinary 2,251% gain in a single 24-hour period. As a cryptocurrency trader, I see this as a dramatic short-term pump that highlights the token's extreme volatility and the speculative interest surrounding meme coins.

While the headline number is eye-catching, I consider this spike transient — driven largely by rapid buying pressure, social hype, and likely low circulating liquidity. I remain cautious because such rapid appreciation often precedes equally sharp reversals in price and market capitalization.