PEPE: The Meme Coin on Fire

PEPE：Meme 幣著火了

The cryptocurrency realm is witnessing a familiar sight: a meme coin on a meteoric rise. PEPE, a token adorned with the internet's beloved frog, has skyrocketed in recent weeks, leaving investors questioning whether this is the dawn of a new era or a fleeting fad.

加密貨幣領域正在見證一個熟悉的景象：迷因幣的快速崛起。 PEPE 是一種裝飾著網路上深受喜愛的青蛙的代幣，最近幾週價格飆升，讓投資者質疑這是否是新時代的黎明，還是曇花一現的時尚。

PEPE's Triumphant Surge

PEPE的凱旋

Over the past month, PEPE has exceeded expectations, leaving a trail of green for investors. Its price triumphantly reached a new all-time high, soaring over 100% in just 30 days. This astronomical rise has resulted in jubilant hodlers, with IntoTheBlock data revealing that a remarkable 97% were profiting handsomely.

過去一個月，PEPE的表現超乎預期，為投資人留下了綠線。其價格在短短30天內飆升超過100%，創下歷史新高。這種天文數字般的上漲讓持有者欣喜若狂，IntoTheBlock 數據顯示，高達 97% 的持有者獲利豐厚。

CoinGecko data indicate that Pepe has surged 56% in the previous week and 99% in the last month, reclaiming its position as the third-largest meme coin by market capitalization from Dogwifhat (WIF).

CoinGecko 數據顯示，Pepe 在上週飆升了 56%，在上個月飆升了 99%，從 Dogwifhat (WIF) 手中奪回了市值第三大 meme 幣的地位。

The bullish momentum shows no signs of abating. The past 24 hours have witnessed another surge of 3.7%, further propelling PEPE to its current peak. This impressive performance has garnered significant attention, both financially and on social media. The coin's social volume has spiked, indicating a surge in interest and online chatter.

看漲勢頭沒有減弱的跡象。過去 24 小時內，PEPE 再次飆升 3.7%，進一步推動其達到當前高峰。這一令人印象深刻的業績在財務和社交媒體上都引起了廣泛關注。該代幣的社交量激增，顯示人們的興趣和線上討論量激增。

Whale Activity and Market Sentiment

鯨魚活動與市場情緒

Adding fuel to the fire, a whale, a term used for large investors with substantial buying power, has been making waves. Lookonchain, a blockchain analytics platform, recently reported a whale withdrawing a staggering 500 billion PEPE from Binance, a major cryptocurrency exchange. This mass accumulation suggests a whale-sized vote of confidence in PEPE's future.

火上澆油的是，「鯨魚」這個詞用來形容擁有強大購買力的大投資者，它一直在掀起波瀾。區塊鏈分析平台 Lookonchain 最近報告稱，一頭鯨魚從主要加密貨幣交易所幣安撤回了驚人的 5000 億枚 PEPE。這種大規模累積表明，鯨魚對 PEPE 的未來投下了巨大的信任票。

While the recent price increase and social media buzz are undoubtedly positive signs, some analysts are urging caution. A closer examination of technical indicators reveals potential signs of an overheated market. The Chaikin Money Flow (CMF), which measures buying and selling pressure, has registered a decline.

雖然最近的價格上漲和社交媒體的熱議無疑是積極的信號，但一些分析師敦促謹慎行事。對技術指標的仔細檢查揭示了市場過熱的潛在跡象。衡量買賣壓力的柴金資金流量（CMF）已下降。

Similarly, the Money Flow Index (MFI) and Relative Strength Index (RSI) are both hovering in the overbought zone, suggesting PEPE's price might be due for a correction.

同樣，資金流量指數（MFI）和相對強弱指數（RSI）均徘徊在超買區域，顯示 PEPE 的價格可能會出現調整。

Further complicating the picture is the presence of selling pressure. While some investors are piling in, others might be cashing out on their profits. Santiment, a crypto analytics platform, observed a rise in PEPE's exchange outflow last week, indicating buying pressure. However, they also noted an increase in supply on exchanges, suggesting some investors might be taking advantage of the high price to sell.

拋售壓力的存在使情況變得更加複雜。雖然一些投資者正在湧入，但其他投資者可能正在兌現利潤。加密貨幣分析平台 Santiment 觀察到上週 PEPE 的交易流出增加，顯示購買壓力。然而，他們也注意到交易所供應量增加，這表明一些投資者可能會利用高價出售。

Potential Price Correction

潛在的價格調整

NewsBTC analyzed PEPE's daily chart to assess the impact of this potential selling pressure. Their analysis suggests that the price might first fall to $0.0000122 before potentially finding support and initiating another bull run. However, a deeper correction could see PEPE plummet to $0.000010 or even lower.

NewsBTC 分析了 PEPE 的日線圖，以評估這種潛在拋售壓力的影響。他們的分析表明，價格可能首先跌至 0.0000122 美元，然後可能找到支撐並引發另一場牛市。然而，更深入的調整可能會導致 PEPE 暴跌至 0.000010 美元甚至更低。

Most Traded Memecoin

交易量最大的模因幣

Meanwhile, Pepe remains among the most traded cryptocurrency assets over the previous day, according to data from Binance, with only BNB Coin (BNB), Bitcoin (BTC), and Ethereum (ETH) surpassing it. Pepe continues to be the most traded meme coin, outpacing popular coins such as Dogecoin (DOGE), Floki (FLOKI), and Shiba Inu (SHIB).

同時，根據幣安的數據，Pepe 仍然是前一天交易量最大的加密貨幣資產之一，只有 BNB 幣 (BNB)、比特幣 (BTC) 和以太坊 (ETH) 超過它。 Pepe 仍然是交易量最大的迷因幣，超過了狗狗幣 (DOGE)、Floki (FLOKI) 和 Shiba Inu (SHIB) 等流行幣。