Pepe Coin Surges 23% on Nascent's Massive Purchase

Nascent 大量購買 Pepe Coin 飆升 23%

On July 16, Pepe coin rallied nearly 23% following a substantial purchase of 141 billion PEPE tokens by venture capital firm Nascent. On-chain data reveals that Nascent acquired these tokens during a price surge, primarily through exchanging other crypto holdings.

7 月 16 日，創投公司 Nascent 大量購買 1,410 億個 PEPE 代幣後，Pepe 幣上漲近 23%。鏈上數據顯示，Nascent 在價格飆升期間獲得了這些代幣，主要是透過交換其他加密資產。

This move has sparked optimism regarding the future price trajectory of the frog-themed meme coin.

此舉引發了人們對青蛙主題模因幣未來價格走勢的樂觀情緒。

Nascent's Accumulation Fuels Optimism

Nascent 的累積激發了樂觀情緒

According to Lookonchain's on-chain insights, Nascent swapped its MKR tokens for PEPE and LDO tokens. The firm exchanged $3.41 million worth of MKR for $1.57 million worth of PEPE and $503K worth of LDO on Binance.

根據 Lookonchain 的鏈上洞察，Nascent 將其 MKR 代幣換成了 PEPE 和 LDO 代幣。該公司在幣安上將價值 341 萬美元的 MKR 兌換為價值 157 萬美元的 PEPE 和價值 50.3 萬美元的 LDO。

This acquisition brings Nascent's total PEPE holdings to a significant 608.85 billion PEPE, valued at $7.49 million. This substantial investment underscores the firm's confidence in the meme coin's potential for growth.

此次收購使 Nascent 持有的 PEPE 總額達到 6,088.5 億股 PEPE，價值 749 萬美元。這筆巨額投資凸顯了該公司對 meme 幣成長潛力的信心。

Pepe Coin's Resilience and Rally

佩佩幣的彈性和反彈

During this year's bull market, Pepe coin reached an all-time high of $0.00001718. Despite recent market corrections that pushed its value down to as low as $0.000007, the coin has shown resilience. On July 16, it rallied significantly, reaching the $0.00001 price level.

在今年的多頭市場中，佩佩幣創下了 0.00001718 美元的歷史新高。儘管最近的市場調整使其價值跌至 0.000007 美元，但該代幣仍表現出彈性。 7 月 16 日，它大幅上漲，達到 0.00001 美元的價格水平。

Bullish Market Indicators and Sentiment

看漲的市場指標和情緒

At press time, PEPE coin has surged 23.42% to $0.00001201. Over the past 24 hours, it has fluctuated between a low of $0.000009399 and a high of $0.00001251.

截至發稿，PEPE 幣已飆升 23.42% 至 0.00001201 美元。在過去的24小時內，它在低點0.000009399美元和高點0.00001251美元之間波動。

Nascent's substantial purchase aligns with this upward momentum. Data from Coinglass also indicates a bullish trend, with PEPE's futures open interest increasing by 23.19% and trading volume by 178.66%. This suggests growing investor interest and optimism about PEPE's future.

Nascent 的大量收購與這種上升勢頭相一致。 Coinglass的數據也顯示看漲趨勢，PEPE期貨持倉量成長23.19%，交易量成長178.66%。這表明投資者對 PEPE 的未來越來越感興趣和樂觀。

Moreover, the Relative Strength Index (RSI) hovers around 58, indicating market neutrality with a slight bullish bias. If this trend continues, Pepe coin may experience further gains.

此外，相對強弱指數（RSI）徘徊在58左右，顯示市場中性，略帶看漲傾向。如果這種趨勢持續下去，佩佩幣可能會進一步上漲。

Despite the current optimism, cryptocurrency enthusiasts remain cautious, acknowledging the inherent volatility of the crypto market.

儘管目前樂觀，但加密貨幣愛好者仍保持謹慎，承認加密貨幣市場固有的波動性。