PEPE: A Meteoric Rise in the Memecoin Universe

PEPE：Memecoin 宇宙的崛起

PEPE has emerged as the third-largest memecoin, boasting a market capitalization of $3.3 billion and a daily trading volume of $1.4 billion. This Ethereum-based token has garnered widespread attention, attracting over 279,000 on-chain holders.

PEPE 已成為第三大迷因幣，市值達 33 億美元，每日交易量達 14 億美元。這種基於以太坊的代幣引起了廣泛關注，吸引了超過 279,000 名鏈上持有者。

Inspired by the iconic "Pepe the Frog" meme, PEPE has resonated with a diverse investor base. Its cultural significance and market success demonstrate the growing confidence in memecoins.

受標誌性的「佩佩青蛙」迷因的啟發，PEPE 引起了多元化投資者群體的共鳴。其文化意義和市場成功表明人們對模因幣的信心不斷增強。

Crypto Whales Fuel Bullish Sentiments

加密鯨魚助長看漲情緒

Recent data reveals that large investors are accumulating PEPE tokens, signaling optimism for its future prospects. An investor who acquired 170 billion PEPE tokens in October 2023 for $200,000 subsequently sold their holdings for $1.97 million in July 2024, yielding an impressive 886% return.

最近的數據顯示，大型投資者正在累積 PEPE 代幣，這表明對其未來前景持樂觀態度。一位投資者於2023 年10 月以20 萬美元收購了1700 億個PEPE 代幣，隨後於2024 年7 月以197 萬美元的價格出售了其持有的代幣，獲得了令人印象深刻的886% 回報。

Institutional players, such as Ceffu, have also expressed interest in PEPE. A wallet associated with Ceffu acquired 1.48 trillion Pepe tokens worth over $11.6 million from Binance, indicating the growing institutional presence in the memecoin market.

Ceffu 等機構參與者也表達了對 PEPE 的興趣。與 Ceffu 相關的錢包從幣安購買了 1.48 兆個 Pepe 代幣，價值超過 1,160 萬美元，這表明機構在 memecoin 市場的影響力不斷增長。

Market Sentiment: Uncertain and Bearish

市場情緒：不確定且看跌

Despite the bullish signals from whale investors, market sentiment remains hesitant. Open interest in PEPE declined slightly over the past 24 hours, despite a marginal price increase. The Coinglass Liquidation Map indicates a dominance of short positions, suggesting that a significant portion of traders anticipate a price decline. This bearish sentiment could impact the price if market conditions persist.

儘管鯨魚投資者發出看漲訊號，但市場情緒仍猶豫不決。儘管價格小幅上漲，但 PEPE 的未平倉合約在過去 24 小時內略有下降。 Coinglass 清算圖顯示空頭部位占主導地位，這表明交易者有很大一部分預計價格會下跌。如果市場狀況持續下去，這種看跌情緒可能會影響價格。