PEPE Holders Reduce Holdings Amidst Ethereum ETF Launch Expectations

PEPE 持有者因以太坊 ETF 推出預期減持

On-chain analysis reveals that large holders of the memecoin PEPE have sold off a significant portion of their holdings in the past 30 days. This may come as a surprise, given the bullish sentiment surrounding the upcoming Spot Ethereum (ETH) ETF launch.

鏈上分析顯示，memecoin PEPE 的大持有者在過去 30 天內已經拋售了很大一部分所持資產。考慮到即將推出的現貨以太幣 (ETH) ETF 的看漲情緒，這可能會讓人感到驚訝。

Large Holders Sell Off PEPE

大型持有者拋售 PEPE

According to IntoTheBlock data, PEPE addresses holding $100,000 to $10 million worth of tokens have seen double-digit declines in their holdings. This indicates that they have been selling off their tokens within the last month.

根據 IntoTheBlock 數據，持有價值 10 萬至 1000 萬美元代幣的 PEPE 地址的持有量出現了兩位數的下降。這表明他們在上個月內一直在拋售代幣。

Memecoin Undervalued?

Memecoin 被低估？

Despite its status as the top memecoin on Ethereum, PEPE's holders have not shared the bullish sentiment of the broader market. However, the Market Value to Realized Value (MVRV) ratio indicates that the memecoin may be undervalued relative to its current market conditions.

儘管 PEPE 是以太坊上排名第一的迷因幣，但 PEPE 的持有者並沒有認同大盤的看漲情緒。然而，市場價值與實現價值（MVRV）比率表明，memecoin 相對於當前的市場狀況可能被低估。

Impact on Price

對價格的影響

If the selling trend continues post-Ethereum ETF launch, PEPE's price may hike. However, sustaining the hike will require increased buying pressure. If distribution continues, the token could decline further from its all-time highs.

如果以太坊 ETF 推出後拋售趨勢持續下去，PEPE 的價格可能會上漲。然而，維持升息將需要增加購買壓力。如果繼續分發，代幣可能會從歷史高點進一步下跌。

Analyst Predictions

分析師預測

Some analysts believe that PEPE could benefit from the Ethereum ETF launch. According to Donny Dicey, an analyst on X, the hype surrounding the event could drive a surge in memecoin prices. However, he cautions that this is not a guarantee.

一些分析師認為，PEPE 可能會受益於以太坊 ETF 的推出。 X 分析師唐尼戴西 (Donny Dicey) 表示，圍繞該活動的炒作可能會推動模因幣價格飆升。然而，他警告說，這並不能保證。

Conclusion

結論

While bearish signals have emerged pre-ETF launch, it remains to be seen whether PEPE will capitalize on the development. The memecoin's undervalued status suggests that it could rally if buying pressure intensifies in the future.

儘管在 ETF 推出之前已經出現了看跌訊號，但 PEPE 是否會利用這一發展仍有待觀察。模因幣的被低估狀態表明，如果未來購買壓力加劇，它可能會反彈。