Pepe Coin: Whale Dumps 1 Tln PEPE Amid 5% Price Drop, What's Next?

Pepe Coin：Whale 在價格下跌 5% 的情況下拋售 1 Tln PEPE，下一步是什麼？

Amidst the ongoing slump in the meme coin market, Pepe Coin has taken a bearish turn, experiencing a significant pullback in its price. Slipping nearly 5% in the past 24 hours, the frog-themed meme coin has fueled speculation among investors regarding a potential "topping out" of its price trajectory.

在 meme 幣市場持續低迷的情況下，Pepe Coin 出現了看跌轉變，價格大幅回檔。這款以青蛙為主題的 meme 代幣在過去 24 小時內下跌了近 5%，引發了投資者對其價格軌跡可能「見頂」的猜測。

This sentiment stems primarily from a staggering 1.2 trillion PEPE being offloaded to Binance, one of the leading centralized exchanges (CEXs), on May 7. Here's a closer look at this colossal transfer that has sparked a flurry of bearish thoughts on Pepe Coin's future movements.

這種情緒主要源於5 月7 日，令人震驚的1.2 兆PEPE 被卸載到領先的中心化交易所(CEX) 之一的幣安。了一系列對Pepe Coin 未來趨勢的悲觀想法。

Multisig Wallet Shifts Pepe Coin to Binance

多重簽名錢包將佩佩幣轉移到幣安

According to reports from various on-chain transaction tracking platforms, a multisig wallet, typically associated with whales or institutions, deposited 1.238 trillion PEPE, equivalent to $10.56 million, to Binance. While the coin's price trajectory waned, this massive PEPE dump has further fueled bearish market sentiments, with investors speculating that PEPE's price may have peaked.

根據各種鏈上交易追蹤平台的報告，一個通常與鯨魚或機構相關的多重簽名錢包向幣安存入了 1.238 萬億個 PEPE，相當於 1056 萬美元。雖然代幣的價格軌跡減弱，但 PEPE 的大規模拋售進一步加劇了看跌的市場情緒，投資者猜測 PEPE 的價格可能已見頂。

However, market data indicates that PEPE's net outflow from exchanges has also surged in the past 24 hours, creating contrasting sentiments. PEPE's net outflow from Binance totaled $11.32 million in the past 24 hours, while $1.72 million was the net outflow recorded via OKX, overshadowing the inflows recorded. This paints a contrasting picture of Pepe's market position.

然而，市場數據顯示，PEPE在過去24小時內從交易所的淨流出也大幅增加，造成了相反的情緒。在過去 24 小時內，PEPE 從幣安的淨流出總額為 1,132 萬美元，而 OKX 記錄的淨流出額為 172 萬美元，超過了記錄的流入額。這描繪了佩佩市場地位的鮮明對比。

It's noteworthy that CoinGape Media's reports indicate substantial PEPE accumulations over the past few days, tipping the balance more towards optimism for the token in the long run. Nonetheless, with the massive selloff, coupled with the frog-themed meme token's declining price trajectory, the short-term outlook for PEPE appears turbulent.

值得注意的是，CoinGape Media 的報告顯示，過去幾天 PEPE 大量積累，從長遠來看，貨幣的平衡更加樂觀。儘管如此，隨著大規模拋售，再加上以青蛙為主題的 meme 代幣的價格軌跡不斷下降，PEPE 的短期前景似乎動盪。

PEPE Price Tumbles

PEPE 價格暴跌

As of writing, Pepe Coin's price has dropped by 4.60% in the past 24 hours and is currently trading at $0.000008187. The frog-themed token's market cap has plunged 4.58%, while its 24-hour trading volume has skyrocketed by 38.77%.

截至本文撰寫時，Pepe Coin 的價格在過去 24 小時內下跌了 4.60%，目前交易價格為 0.000008187 美元。青蛙主題代幣市值暴跌4.58%，而24小時交易量卻飆升38.77%。

Simultaneously, Coinglass data reveals that the token's open interest has declined by 10.74%, while the derivatives volume has surged by 22.10%. This collectively highlights a mixed sentiment for the PEPE token in the market.

同時，Coinglass 數據顯示，該代幣的未平倉合約下降了 10.74%，而衍生性商品交易量卻飆升了 22.10%。這共同凸顯了市場上對 PEPE 代幣的複雜情緒。

Despite the short-term volatility, PEPE's price may witness a potential rally post-BTC halving, aligning with historical data that suggests a price surge in altcoins following Bitcoin halving events.

儘管有短期波動，但 PEPE 的價格可能會在 BTC 減半後出現潛在反彈，這與顯示比特幣減半事件後山寨幣價格飆升的歷史數據一致。

The post Pepe Coin: Whale Dumps 1 Tln PEPE Amid 5% Price Drop, What's Next? appeared first on CoinGape.

Pepe Coin 後：Whale 在價格下跌 5% 的情況下拋售 1 Tln PEPE，下一步是什麼？首先出現在 CoinGape 上。