1. There has been a shift from utility tokens to meme coins, and analysts are optimistic about PEPE’s potential market capitalization.
2. A whale has accumulated a substantial amount of PEPE, and the coin’s open interest has increased.

PEPE has grown by 11.89% in the last 24 hours and 44.93% in the last 7 days. This memecoin has touched another ATH, and there are no resistances now. It appears like its price has been in a discovery stage, where it will find its next station in its course in the coming sessions. Yet, the PEPE coin is not the only meme coin on fire.
The entire meme coin market was bullish, and its Trading volumes have rocketed in the last two days and reached $10.07 billion as crypto fans flock to their preferred joke tokens. One of the biggest gainers was the GameStop meme coin. This coin has rocketed by 57.70% since yesterday and 3290.25% in the last 7 days.
Moreover, the DOC crypto highlights the big play from utility to meme tokens, as he further stated that major events have caused the drop in the utility tokens in the last two sessions.

已經從實用型代幣轉向模因幣，分析師對 PEPE 的潛在市值持樂觀態度。過去7 天內的44.93%。這個 memecoin 已經觸及了另一個 ATH，現在沒有阻力了。看起來它的價格已經處於發現階段，它將在接下來的交易中找到其路線的下一站。然而，PEPE 幣並不是唯一火爆的 meme 幣。漲幅最大的貨幣之一是 GameStop meme 幣。該代幣自昨天以來已飆升57.70%，在過去7 天內已飆升3290.25%。代幣的下跌。

$RNDR went from $11.50 to $10.05 in less than 24 hours! Should you be worried?
No.
So what happened?
In the last 24 hours, we have seen three major events that have enabled the price drop of $RNDR:

Bitcoin fell from $63,500 to $61,500.

Memecoins started to rise… pic.twitter.com/VXFfXhhfUH— D0c Crypto (@TheRealD0c) May 14, 2024

不到 24 小時內，$RNDR 從 11.50 美元漲到 10.05 美元！你應該擔心嗎？ 不。在過去的24 小時內，我們看到了三件導致$RNDR 價格下跌的重大事件：比特幣從63,500 美元跌至61,500 美元。 5 月14 日, 2024

The reasons were that liquidity has shifted from utility to meme coins tokens. Hence, meme coins are beginning to lift again, and lastly, the whales are selling a lot of utility tokens, probably for the shifting of booked profits into meme coins.
What Are Analysts Boasting for PEPE? Let’s Find Out
The Plazma tweeted on X that every influencer who faded PEPE during the dark times has turned into the biggest PEPE supporter, and PEPE engagement is through the roof.

原因是流動性已從實用性轉向模因幣代幣。因此，meme 幣再次開始上漲，最後，鯨魚正在出售大量實用代幣，可能是為了將預訂利潤轉移到 meme 幣。讓我們來看看 Plazma 在 X 上發推文稱，每一位在黑暗時期淡出 PEPE 的影響者都變成了最大的 PEPE 支持者，而且 PEPE 的參與度非常高。

Suddenly every influencer who faded $PEPE during the dark times has turned into the biggest pepe supporter now that $PEPE engagement is thru the roof. pic.twitter.com/8elsXxfslU— Plazma (@Plazma0x) May 15, 2024

突然之間，每個在黑暗時期淡出 $PEPE 的影響者都變成了最大的 pepe 支持者，現在 $PEPE 的參與度已經達到頂峰。 pic.twitter.com/8elsXxfslU — Plazma (@Plazma0x) 2024 年 5 月 15 日

Meanwhile, artibian on X tweeted that people are rushing to rotate everything into the meme PEPE, and it looks clear to everyone that this coin might be the absolute leader of this meme cycle.

與此同時，X 上的 artibian 發推文稱，人們正爭先恐後地將所有東西輪換到 meme PEPE 中，每個人都清楚，這個代幣可能是這個 meme 週期的絕對領導者。

Currently, people are rushing to rotate everything into $PEPE. It is already clear to everyone that this coin will be the absolute leader of this cycle. We are about to see a jump to $15 billion mc. pic.twitter.com/XAeVo8Ntmo— artibian (@artibian_maxi) May 15, 2024

目前，人們正爭先恐後地將所有東西轉入 $PEPE。大家都已經很清楚，這幣將會是這個週期的絕對領頭羊。我們即將看到躍升至 150 億美元。 pic.twitter.com/XAeVo8Ntmo— artibian (@artibian_maxi) 2024 年 5 月 15 日

He even boasted that the probable meme might see a jump toward the $15 billion market capitalization.
Not Being an Early PEPE Buyer, Smart Money Makes Profit
The prevailing market narrative suggests that smart money reaped significant profits. However, a whale has managed to accumulate an impressive $13.9 Million in just three months despite not being an early buyer.

他甚至誇口說，這個可能的梗可能會躍升至 150 億美元的市值。然而，儘管鯨魚不是早期買家，但它在短短三個月內就積累了令人印象深刻的 1390 萬美元。

Who needs to be an early buyer to earn 8x from $PEPE?
This whale is making $13.67M (+875%) from $PEPE in 3 months!
Between Dec-1-23 and Feb-12-24, the whale spent $1.56M to buy 1.40T $PEPE.
Then, 14 hours ago, the whale sold 140.4B $PEPE for 1.57M $DAI at the new ATH of $PEPE,… pic.twitter.com/nY8yi0gsWA— Spot On Chain (@spotonchain) May 15, 2024

誰需要成為早期買家才能從$PEPE 中賺取8 倍收益？月12 日至24 日期間，這頭鯨魚花費了156 萬美元購買1.40T $PEPE。 … pic.twitter.com/nY8yi0gsWA — Spot On Chain (@spotonchain) 5 月2024 年 15 日

Between December 2023 and February 2024, the whale spent $1.56 Million to acquire 1.40 trillion PEPE. Following this, the whale sold 140.4 billion PEPE for 1.75 million DAI. As of now, this address holds 1.26 trillion PEPE, worth $13.9 million, and is considered entirely profitable.
In the meantime, Pepe coin reached a new all-time high of $0.00001130. Despite recording significant selloffs of Pepe coin, the token has endured increased selling pressure and has continued to pump.
The Pepe Coin Price Rallies: What’s Next?
PEPE’s OI (open interest) has increased by 7.14% to reach $135.52 Million, according to Coinglass data. It indicates a rise in market trading activity and a growing investor interest in the asset, potentially driving up Pepe coin’s price.

2023年12月至2024年2月期間，鯨魚花費156萬美元收購了1.40兆個PEPE。此後，鯨魚以 175 萬 DAI 的價格出售了 1,404 億個 PEPE。截至目前，該地址持有 1.26 兆個 PEPE，價值 1,390 萬美元，被認為完全獲利。儘管Pepe 幣遭受了大幅拋售，但該代幣承受了越來越大的拋售壓力，並繼續上漲。了7.14%，達到1.3552 億美元。這表明市場交易活動增加，投資者對該資產的興趣不斷增長，可能會推高 Pepe 幣的價格。

PEPE Futures OI | By coinglass.com

PEPE 期貨 OI |透過 coinglass.com

On the other hand, it’s important to note that the RSI has moved further into the overbought territory, currently at 76.01. That suggests market sentiment regarding a possible correction or price reversal despite the current bullish trends for PEPE and the bullish MACD above the zero line.

另一方面，值得注意的是，RSI 已進一步進入超買區域，目前為 76.01。這表明，儘管當前 PEPE 和 MACD 均位於零線上方看漲，但市場情緒仍存在可能出現修正或價格反轉的情緒。

If the market continues to be bullish without encountering any previous resistance, PEPE could reach new heights. However, in the event of a correction, the price may be drawn towards previous support levels, such as $0.00001000 and $0.00000900.
Summary
PEPE has experienced significant growth in the last 24 hours and 7 days, reaching an all-time high with no prior resistance in the way now. The entire meme coin market has been bullish, with increased trading volumes and gains for tokens like GameStop.

如果市場繼續看漲且沒有遇到任何先前的阻力，PEPE 可能會達到新的高度。然而，如果出現回調，價格可能會被拉向之前的支撐位，例如 0.00001000 美元和 0.00000900 美元。路。整個迷因幣市場一直看漲，交易量增加，GameStop 等代幣收益也增加。

Moreover, there has been a shift from utility tokens to meme coins, and analysts are optimistic about PEPE’s potential market capitalization.

此外，已從實用代幣轉向模因幣，分析師對 PEPE 的潛在市值持樂觀態度。

Additionally, a whale has accumulated a substantial amount of PEPE, and the coin’s open interest has increased. However, there are indications of overbought territory and a possible price correction or reversal.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

此外，鯨魚累積了大量的 PEPE，代幣的未平倉合約也增加了。然而，有跡象表明出現超買區域，並可能出現價格調整或逆轉。建議。交易或投資加密貨幣資產會帶來財務損失的風險。