Asset Intelligence / Hyperliquid Context
Pepe / 1000PEPE
Archive-backed market intelligence for 1000PEPE: every HIPERWIRE mover article tied to this asset, plus a client-refreshed live market panel.
1000PEPE is the Hyperliquid HIP-3 market for Pepe on hyna. Official perpAnnotation text is unavailable, so this description is provisional until manual review.
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- Builderhyna
- Categorycrypto
- Tracked Markethyna:1000PEPE
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Archive Summary
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How to Trade Pepe (1000PEPE) on Hyperliquid
Pepe is the largest meme coin born from internet culture, and its 1000PEPE perpetual futures contract is live on Hyperliquid via the HIP-3 framework. Deployed by HyENA, the Ethena-backed perp DEX, the market offers up to 10x leverage with USDe-margined collateral. This guide covers what PEPE is, how the HIP-3 perpetual works, and what traders should know before taking a position.
Archive
All 1000PEPE Mover Articles
How to Trade Pepe (1000PEPE) on Hyperliquid
Pepe is the largest meme coin born from internet culture, and its 1000PEPE perpetual futures contract is live on Hyperliquid via the HIP-3 framework. Deployed by HyENA, the Ethena-backed perp DEX, the market offers up to 10x leverage with USDe-margined collateral. This guide covers what PEPE is, how the HIP-3 perpetual works, and what traders should know before taking a position.
1000PEPE Gives Back Yesterday's Squeeze as 50-Day MA Rejection Plays Out
The same 1000PEPE squeeze HIPERWIRE tracked through three legs yesterday is now unwinding. After running from $0.0033 to $0.003982 on a funding-rate-driven short squeeze, the HIP-3 perp stalled at the 50-day moving average near $0.0043 and has retraced to $0.003674 — a nearly 10% pullback that erases roughly half of Sunday's gains. No new catalyst is driving the decline. This is the mechanical outcome the prior coverage flagged: once funding normalized and the short side was flushed, the thin-book dynamics that produced the squeeze had nothing left to give.
PEPE Spot Catches Up as HIP-3 Squeeze Gets Validated
The same 1000PEPE move flagged twice today as a perp-specific plumbing event just got confirmed by the underlying. Spot PEPE gained roughly 18% over the past 24 hours on $520 million in volume, closing the 12-point perp-spot gap that defined the earlier legs. The HIP-3 perpetual is now up 19.65% over 15 hours to $0.003982, tracking spot rather than diverging from it. No named catalyst has emerged — this appears to be a momentum-driven bid amplified by four months of documented whale accumulation.
1000PEPE Squeeze Extends to 14% as HIP-3 Perp Pulls Away From Spot
The same thin-book squeeze flagged hours ago has widened. 1000PEPE is now up 14.02% over 13 hours on the Hyperliquid HIP-3 perpetual, reaching $0.003799, while spot PEPE has moved roughly 2% over the same window. The divergence is the story — this is a perp-specific event playing out on a shallow order book, not a shift in PEPE's broader market structure.
1000PEPE Squeezes 9% as Shorts Pay the Price on a Thin Book
1000PEPE moved up 9.12% over 11 hours to $0.003636, with no identifiable catalyst behind the move. Funding had been running at -0.22% per 8 hours on the HIP-3 perp, a rate that punishes shorts hard enough to force position closure on a thin order book. Open interest expanded to $895K, suggesting fresh positioning rather than a simple unwind.
1000PEPE Drops 9% as Memecoin Sector Bleeds While Bitcoin Reclaims $72K
1000PEPE slid 9.04% over 21 hours on Hyperliquid, falling to $0.003422 while Bitcoin rallied past $72,000 on the same day. The move is a textbook case of the rotation that has defined 2026 so far: capital fleeing high-beta memecoins and consolidating into BTC, which now commands [nearly 58% of total crypto market cap](https://blockchainmagazine.net/crypto-market-today-2026-03-05/).
Background reading selected from this asset's symbol, builder context, and archived catalyst coverage.
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