Pepe Coin Soars and Concerns Emerge

佩佩幣飆升引發擔憂

On November 16, 2024, Pepe Coin (PEPE) experienced a significant surge of 75% after being listed on major exchanges such as Coinbase and Robinhood. However, this excitement is tempered by recent whale activity.

2024年11月16日，佩佩幣（PEPE）在Coinbase、Robinhood等主要交易所上市後大幅上漲75%。然而，最近的鯨魚活動削弱了這種興奮。

Whale Dump Sparks Concerns

鯨魚傾倒場引發擔憂

A large holder, commonly referred to as a "whale," recently sold 500 billion PEPE coins, netting a profit of $45 million. This move has raised concerns that other whales may follow suit, potentially triggering a broader selloff across meme coins.

一位通常被稱為「鯨魚」的大持有者最近出售了 5000 億枚 PEPE 代幣，淨利潤達 4500 萬美元。此舉引發了人們的擔憂，即其他鯨魚可能會效仿，這可能引發迷因幣的更廣泛拋售。

Rising Social Chatter and Liquidations Signal Potential Selloff

社交熱潮和清算的增加預示著潛在的拋售

Social media discussions surrounding meme coins have increased, often a precursor to market corrections. Additionally, on-chain data reveals a 63% increase in open interest for PEPE and $48 million in 24-hour liquidations.

圍繞模因幣的社交媒體討論有所增加，這通常是市場調整的先兆。此外，鏈上數據顯示，PEPE 的未平倉合約增加了 63%，24 小時清算額增加了 4,800 萬美元。

Whales Cashing Out

鯨魚兌現

The whale who sold the PEPE coins had accumulated a vast amount between May and September 2023. Despite the recent sale, they still hold a significant amount of PEPE, indicating a shift from long-term holdings to cashing in.

出售 PEPE 幣的鯨魚在 2023 年 5 月至 9 月期間積累了大量資金。

Warning Signs for Meme Coin Market

Meme 幣市場的警訊

Other meme coins have also experienced gains, including DOGE, FLOKI, and BONK, potentially fueled by FOMO and greed. However, market corrections often follow such frenzied spikes.

其他 meme 代幣也經歷了上漲，包括 DOGE、FLOKI 和 BONK，這可能是由 FOMO 和貪婪推動的。然而，市場的調整往往伴隨著這種瘋狂的飆升。

Caution Advised

建議謹慎

As PEPE's market capitalization reaches record highs and trading volumes soar, investors are advised to proceed with caution. The whale sell-off and other indicators suggest a potential impending selloff, which could leave smaller investors vulnerable.

隨著PEPE市值屢創新高，交易量飆升，建議投資者謹慎操作。鯨魚拋售和其他指標表明潛在的拋售即將到來，這可能會讓規模較小的投資者變得脆弱。