Pepe (PEPE) coin price surged almost 35% on May 8, reclaiming the $0.000010 psychological level. The explosive move caught investors off guard, fueling conversations around a new meme coin season. With the bullish transformation, the PEPE open interest nears a new all-time high, projecting a congregation of leverage traders. Will the rising sentiments propel the PEPE coin price by an additional 22%?