Pepe surges 22%, leading Bitcoin, Dogecoin, XRP

Pepe is officially the best-performing asset in the top 100, tripling Bitcoin’s gains with a 22% surge fueled by nothing but $919 million in crushed shorts. There’s no news and no utility, yet this frog token is outclassing every "serious" project. Even while sitting 80% below its all-time high, it remains the primary engine of the current rally. Does this prove that market fundamentals are dead and only hype matters? Or is this just a massive trap for retail? What's your take?
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