Cover image via U.Today

封面圖片來自 U.Today

The frog-themed meme coin PEPE has experienced a significant surge in valuation, positioning it for a potential sell-off by market whales. Within the past 24 hours, PEPE has ascended by 2.15% to $0.00001654, bolstered by a substantial 75% increase over the preceding seven-day period.

以青蛙為主題的 meme 幣 PEPE 的估值大幅上漲，可能會遭到市場鯨魚的拋售。在過去 24 小時內，PEPE 上漲 2.15% 至 0.00001654 美元，較前 7 天大幅上漲 75%。

PEPE's rally has established a bullish trajectory for other meme coins this month. Historically, PEPE has consistently exhibited bullish momentum in May. According to Cryptorank data, PEPE concluded May 2023 with a 74.9% growth, a figure that is less than half of the 148.2% recorded thus far this month.

PEPE 的反彈為本月其他 meme 代幣確立了看漲軌跡。從歷史上看，PEPE 在 5 月一直表現出看漲勢頭。根據 Cryptorank 數據，PEPE 截至 2023 年 5 月增長了 74.9%，這一數字還不到本月迄今記錄的 148.2% 的一半。

This substantial upshoot has propelled PEPE to multiple all-time highs (ATH) this month. On-chain data indicates that the most recent ATH occurred hours prior, when the token soared to $0.00001718. In the wake of this parabolic growth, the crypto analytics platform Lookonchain has reported that two newly created wallets withdrew 182.7 billion PEPE, valued at approximately $3.1 million, from OKX in under an hour.

這一大幅上漲已推動 PEPE 本月創下多個歷史新高 (ATH)。鏈上數據表明，最近的 ATH 發生在幾個小時前，當時代幣飆升至 0.00001718 美元。在這種拋物線式增長之後，加密分析平台 Lookonchain 報告稱，兩個新創建的錢包在一小時內從 OKX 提取了 1827 億個 PEPE，價值約 310 萬美元。

The movement of such a large volume of PEPE from an exchange is generally interpreted as a vote of confidence, as it suggests a diminished willingness to sell. While a small portion of holders may be seeking to realize profits on their PEPE holdings, the token's whales remain cautious, as evidenced by IntoTheBlock's analysis of holder concentration.

如此大量的 PEPE 從交易所流出通常被解釋為信任投票，因為這表明出售意願減弱。儘管一小部分持有者可能尋求透過其持有的 PEPE 實現利潤，但該代幣的鯨魚仍然保持謹慎態度，IntoTheBlock 對持有者集中度的分析證明了這一點。

Amidst the bullish trend for PEPE, the digital token is now on the verge of surpassing Polygon in terms of market capitalization.

在 PEPE 的看漲趨勢中，該數位代幣的市值目前即將超越 Polygon。

As of this writing, PEPE's market capitalization stands at $6.98 billion, while Polygon's is pegged at $7.21 billion. Should the current price rally for PEPE continue at its present pace in the short to medium term, it may ultimately surpass not only Polygon but also Near, Bitcoin Cash, Tron, and others, as it previously did with Ethereum Classic.

截至撰寫本文時，PEPE 的市值為 69.8 億美元，而 Polygon 的市值為 72.1 億美元。如果 PEPE 目前的價格上漲在中短期內繼續以目前的速度成長，它最終可能不僅會超越 Polygon，還會超越 Near、比特幣現金、Tron 等，就像之前對以太坊經典所做的那樣。