Pepe stands out in Memecoin rebound: What happened?

PEPE rose 4.1% in 24 hours and 3.4% weekly, outperforming Bitcoin’s moderate gains. Meanwhile, memecoin also generally rose, with BONK and DOGE also gaining sharply. The rise is mainly attributed to market expectations that the Fed may cut interest rates this month, with the Chicago Mercantile Exchange (CME) FedWatch tool showing a 100% chance of rate cuts. However, risks remain due to global trade tensions and historic bear trends in September, which could trigger a correction to $0.00009 if volatility soars.