Pepe Coin Surges in Value, Topping NFT Collections

Pepe Coin 價值飆升，成為 NFT 收藏品中的佼佼者

The prominent meme coin, Pepe (PEPE), has witnessed a remarkable surge in its market valuation, eclipsing the combined market capitalization of all notable non-fungible token (NFT) collections.

著名的迷因幣 Pepe (PEPE) 的市場估值顯著飆升，超過了所有著名的不可替代代幣 (NFT) 收藏的總市值。

As of the latest data, PEPE's market capitalization has exceeded $6.2 billion, a significant 10% higher than the total market value of all profile picture (PFP) NFT collections.

截至最新數據，PEPE 的市值已超過 62 億美元，比所有頭像（PFP）NFT 集合的總市值高出 10%。

This surge coincides with a substantial uptick in PEPE's trading volume, which reached $2.47 billion over the past 24 hours, representing a substantial 216% increase since the start of May.

這一激增與 PEPE 的交易量大幅上升同時發生，過去 24 小時內交易量達到 24.7 億美元，自 5 月初以來大幅增加 216%。

PEPE has experienced an exceptional trajectory since its launch in May 2023, with its price escalating by an extraordinary 25,955%. This year alone, the coin has surged by 1,042%, despite encountering periods of volatility that savvy traders have capitalized on.

自 2023 年 5 月推出以來，PEPE 經歷了一段非凡的軌跡，其價格驚人地上漲了 25,955%。光是今年，儘管精明的交易者利用了經歷過的波動期，但該代幣仍飆升了 1,042%。

While PEPE reached an all-time high of $0.00001718 on May 27, it has since corrected downwards by approximately 12%. Currently, the coin is trading at $0.00001503.

雖然 PEPE 於 5 月 27 日達到歷史新高 0.00001718 美元，但此後已向下修正約 12%。目前，該代幣的交易價格為 0.00001503 美元。

Surpassing NFTs and Market Sentiment

超越 NFT 與市場情緒

PEPE's dominance extends beyond the meme coin sector, as it overshadows major NFT collections in terms of daily trading volume. In the past 24 hours, PEPE recorded a trading volume of $1.3 billion, while blue-chip NFTs moved a mere $12.8 million.

PEPE 的主導地位超出了 meme 幣領域，因為它的日交易量蓋過了主要的 NFT 系列。在過去 24 小時內，PEPE 的交易量為 13 億美元，而藍籌 NFT 的交易量僅為 1,280 萬美元。

Despite recent spikes in trading activity for Bitcoin (BTC) and Solana (SOL) NFTs, as well as the NFT lending market crossing the $2 billion mark in its first quarter, the overall NFT token market remains in decline. NFT trader counts have plummeted by 85% over the past two years, according to data from DragonFly's Hildobby.

儘管最近比特幣 (BTC) 和 Solana (SOL) NFT 的交易活動激增，並且 NFT 借貸市場在第一季度突破了 20 億美元大關，但整體 NFT 代幣市場仍在下滑。根據 DragonFly 的 Hildobby 的數據，過去兩年 NFT 交易者數量驟降了 85%。

Furthermore, PEPE's robust trading activity contrasts with the dwindling engagement in the NFT market, as evidenced by the Dune dashboard. OpenSea, once the leading NFT marketplace, has witnessed a decline in weekly traders of over 90%, dropping from 187,000 in June 2022 to under 10,000 today. Similar declines have been observed across other NFT platforms such as Blur, Magic Eden, and LooksRare, with the total number of weekly traders on all platforms plummeting from 201,000 in June 2022 to just 24,300.

此外，PEPE 強勁的交易活動與 NFT 市場參與度的下降形成鮮明對比，正如 Dune 儀表板所證明的那樣。 OpenSea 曾經是領先的 NFT 市場，每週交易者數量下降了 90% 以上，從 2022 年 6 月的 187,000 人下降到如今的不到 10,000 人。 Blur、Magic Eden 和 LooksRare 等其他 NFT 平台也出現了類似的下降，所有平台上的每週交易者總數從 2022 年 6 月的 201,000 人驟降至 24,300 人。

Market Fluctuations and Investor Outlook

市場波動與投資者展望

Data from Santiment indicates that PEPE's exchange inflows and outflows have decreased over the last three days, signaling potential bearish momentum. However, the coin's Relative Strength Index (RSI) has declined from 77 to 67, suggesting that while PEPE remains overbought, it is moving towards consolidation. An RSI below 50 could potentially indicate a sustained price increase.

Santiment 的數據表明，過去三天 PEPE 的交易流入和流出有所減少，表明潛在的看跌勢頭。然而，該代幣的相對強弱指數（RSI）已從 77 下降至 67，這表明雖然 PEPE 仍處於超買狀態，但它正在走向盤整。 RSI 低於 50 可能表示價格持續上漲。

Despite these fluctuations, over 96% of PEPE holders are currently in profit, according to data from IntotheBlock.

根據 IntotheBlock 的數據，儘管存在這些波動，但超過 96% 的 PEPE 持有者目前處於盈利狀態。

As the meme coin market approaches a $69 billion market capitalization, with PEPE spearheading the charge and current trends indicating strong market interest, investors are advised to remain informed and seek diverse perspectives before making investment decisions.

隨著 meme 幣市場接近 690 億美元的市值，PEPE 引領潮流，當前趨勢表明市場興趣濃厚，建議投資者在做出投資決策之前保持知情並尋求不同的觀點。