Major Cryptocurrency Market Experiences Downturn, PEPE Token Faces Significant Price Drop

主要加密貨幣市場低迷，PEPE代幣價格大幅下跌

On June 4, 2024, the overall cryptocurrency market witnessed a lackluster performance, with prices remaining stagnant over the last 24 hours. Amidst this somber period, an intriguing report from the analytical firm Spotonchain gained considerable attention.

2024年6月4日，整個加密貨幣市場表現平淡，價格在過去24小時內保持停滯狀態。在這個嚴峻的時期，分析公司 Spotonchain 的一份有趣的報告引起了廣泛關注。

During Asian trading hours, Spotonchain disclosed via X (formerly Twitter) that a prominent "PEPE whale" had transferred a substantial 366 billion PEPE tokens, valued at approximately $5.31 million, to the Binance cryptocurrency exchange.

在亞洲交易時段，Spotonchain 透過 X（前 Twitter）披露，一位著名的「PEPE 鯨魚」已將價值約 531 萬美元的 3,660 億個 PEPE 代幣轉移到幣安加密貨幣交易所。

Whale Activity Triggers Market Response

鯨魚活動引發市場反應

The massive PEPE deposit immediately influenced the token's price, resulting in a 5.5% decline. However, Spotonchain reported that despite this sell-off, the PEPE whale had realized a substantial profit of $4.84 million, representing an impressive 985% return on their original investment.

大量的 PEPE 存款立即影響了代幣的價格，導致其下跌 5.5%。然而，Spotonchain 報導稱，儘管遭到拋售，PEPE 鯨魚還是實現了 484 萬美元的可觀利潤，相當於其原始投資的 985% 的令人印象深刻的回報率。

Following this deposit, PEPE's value momentarily fluctuated around $0.0000143 but has since experienced an overall 5.5% price drop within the past 24 hours, potentially influenced by the recent sell-off. A broader analysis reveals that PEPE tokens have been grappling with challenges over the last week, losing over 10% in value. In the past month, PEPE has endured a significant 64% price decline.

這筆存款後，PEPE 的價值暫時在 0.0000143 美元左右波動，但在過去 24 小時內整體價格下跌了 5.5%，可能是受到近期拋售的影響。更廣泛的分析顯示，PEPE 代幣上週一直在應對挑戰，價值下跌超過 10%。過去一個月，PEPE 價格大幅下跌 64%。

Technical Analysis and Key Levels

技術分析和關鍵水平

Short-term technical analysis indicates a bearish trend for PEPE on the daily time frame. Should PEPE's daily candle close below $0.0000139, it could trigger a further 20% price drop. However, a sudden market recovery and positive sentiment could lead to an upward trend of 15% in the coming days.

短期技術分析顯示 PEPE 在每日時間範圍內呈現看跌趨勢。如果 PEPE 的每日蠟燭收盤價低於 0.0000139 美元，可能會引發價格進一步下跌 20%。然而，市場突然復甦和正面情緒可能導致未來幾天上漲 15%。

Other Meme Coins and Top Cryptocurrencies

其他 Meme 硬幣和頂級加密貨幣

Apart from PEPE, other notable meme coins such as DOGE, SHIB, WIF, and BONK have also faced setbacks, with price declines ranging from 2% to 5%. Additionally, prominent cryptocurrencies like Bitcoin, Ethereum, Solana, and Binance Coin have exhibited limited momentum.

除了 PEPE 之外，其他著名的 meme 幣如 DOGE、SHIB、WIF 和 BONK 也面臨挫折，價格下跌 2% 至 5% 不等。此外，比特幣、以太幣、Solana 和幣安幣等知名加密貨幣的發展勢頭有限。