Pepe (PEPE), the largest Ethereum-based memecoin by market capitalization, continues to rally after its recovery began on November 5th. PEPE has surged approximately 230% from its November 5th low of around $0.0000078, reaching an all-time high of $0.00002597 on November 14th.

Pepe (PEPE) 是市值最大的基於以太坊的 memecoin，自 11 月 5 日開始復甦後繼續上漲。 PEPE 已從 11 月 5 日低點約 0.0000078 美元飆升約 230%，並於 11 月 14 日達到歷史高點 0.00002597 美元。

Data from Cointelegraph Markets Pro and TradingView shows PEE trading at $0.00002093, a 15% increase over the past 24 hours and a 104% increase over the last seven days.

Cointelegraph Markets Pro 和 TradingView 的數據顯示，PEE 交易價格為 0.00002093 美元，過去 24 小時內上漲 15%，過去 7 天上漲 104%。

PEPE's trading volume has jumped 124% over the last 24 hours to $19.6 billion, and its market capitalization briefly touched $10.2 billion on November 14th before retracing to its current level of $8.8 billion.

PEPE 的交易量在過去 24 小時內躍升 124%，達到 196 億美元，其市值在 11 月 14 日短暫觸及 102 億美元，然後回落至目前的 88 億美元水準。

Factors Fueling PEPE's Price Momentum:

推動 PEPE 價格上漲的因素：

• Exchange Listings: PEPE's price surge coincides with several major cryptocurrency exchanges listing the memecoin. Robinhood Crypto, Coinbase, and Upbit have all announced support for PEPE trading.
• Positive Market Sentiment: Memecoins as a whole have experienced a rally, with Dogecoin (DOGE) and Shiba Inu (SHIB) posting gains over the past 24 hours. This positive sentiment has contributed to PEPE's upward momentum.
• Speculation on Crypto-Friendly Business Environment: Investors are optimistic about a crypto-friendly business environment in the US under President Donald Trump's administration. This anticipation has fueled risk-on asset buying, including memecoins.

Open Interest Supports Upside:

交易所上市：PEPE 的價格飆升恰逢幾家主要的加密貨幣交易所上市 memecoin。 Robinhood Crypto、Coinbase 和 Upbit 都宣布支持 PEPE 交易。這種積極情緒促進了 PEPE 的上升勢頭。這種預期刺激了包括 memecoins 在內的風險資產購買。

• PEPE's open interest (OI) has surged by 160% over the past seven days, rising to an all-time high of $282.2 million on November 14th. This indicates growing market interest and anticipation of further price gains.
• Increasing demand for leveraged long positions in PEPE is evident in the OI-weighted futures funding rate, suggesting bullish sentiment among futures traders.

This article does not provide investment advice. All investments involve risk, and readers should conduct their own research before making decisions.

PEPE 的未平倉合約 (OI) 在過去 7 天內飆升 160%，於 11 月 14 日昇至 2.822 億美元的歷史新高。這表明市場興趣不斷增長，並且預期價格進一步上漲。所有投資都涉及風險，讀者在做出決定之前應自行研究。