Meme Coins Witness Market Turmoil: WIF and PEPE in the Spotlight

Meme幣見證市場動盪：WIF和PEPE成為焦點

The past week has been a rollercoaster ride for meme coins, with Dogwifhat (WIF) and PEPE taking center stage amidst market chaos.

過去一周，模因幣經歷了過山車之旅，Dogwifhat (WIF) 和 PEPE 在市場混亂中佔據了中心舞台。

WIF and POPCAT Plunge

WIF 和 POPCAT 暴跌

WIF, a popular meme token on Solana, plummeted 25% in value, tumbling from its weekly high of $3.4. Another Solana-based meme coin, POPCAT, also experienced a significant decline of 34%, reaching its lowest levels since mid-April.

Solana 上流行的 meme 代幣 WIF 的價值從 3.4 美元的周高點暴跌 25%。另一種基於 Solana 的 meme 幣 POPCAT 也經歷了 34% 的大幅下跌，達到 4 月中旬以來的最低水平。

PEPE Faces Sell-Off

PEPE 面臨拋售

The Ethereum-based PEPE token, which had soared to new heights earlier in the week, encountered an 18.5% sell-off, shaking investor confidence.

基於以太坊的 PEPE 代幣本週稍早飆升至新高，但遭遇 18.5% 的拋售，動搖了投資者的信心。

Whale Actions Influence Market

鯨魚行動影響市場

Against this backdrop, the crypto space witnessed significant whale activity, which played a pivotal role in price fluctuations.

在此背景下，加密貨幣領域見證了大規模的鯨魚活動，這在價格波動中發揮了關鍵作用。

• A whale strategically offloaded 1.7 million WIF at a loss, swapping them for other meme coins on Solana.
• Another whale sold WIF and POPCAT, contributing to market volatility.

Spot On Chain Insights

一隻鯨魚策略性地虧本拋售了 170 萬枚 WIF，將其換成 Solana 上的其他 Meme 幣。

Spot On Chain's analysis revealed that a multisign wallet deposited a substantial amount of PEPE to Binance to mitigate losses, leading to a 6% price drop. This whale's trading history indicates a pattern of triggering price swings when trading PEPE.

Spot On Chain 的分析顯示，一個多重簽名錢包將大量 PEPE 存入幣安以減輕損失，導致價格下跌 6%。這隻鯨魚的交易歷史表明，在交易 PEPE 時會引發價格波動。

Investor Questions

投資者問題

These developments raise questions for meme coin investors:

這些發展給了模因幣投資者問題：

• Can WIF and PEPE recover from these significant losses?
• What strategies will major token holders employ to navigate market volatility?

Disclaimer

WIF 和 PEPE 能否從這些重大損失中恢復過來？

Please note that this article is for informational purposes only and should not be construed as legal, tax, investment, financial, or any other type of advice.

請注意，本文僅供參考，不應被視為法律、稅務、投資、財務或任何其他類型的建議。