Pepe Coin Soars and Concerns Emerge

佩佩币飙升引发担忧

On November 16, 2024, Pepe Coin (PEPE) experienced a significant surge of 75% after being listed on major exchanges such as Coinbase and Robinhood. However, this excitement is tempered by recent whale activity.

2024年11月16日，佩佩币（PEPE）在Coinbase、Robinhood等主要交易所上市后大幅上涨75%。然而，最近的鲸鱼活动削弱了这种兴奋。

Whale Dump Sparks Concerns

鲸鱼倾倒场引发担忧

A large holder, commonly referred to as a "whale," recently sold 500 billion PEPE coins, netting a profit of $45 million. This move has raised concerns that other whales may follow suit, potentially triggering a broader selloff across meme coins.

一位通常被称为“鲸鱼”的大持有者最近出售了 5000 亿枚 PEPE 代币，净利润达 4500 万美元。此举引发了人们的担忧，即其他鲸鱼可能会效仿，从而可能引发模因币的更广泛抛售。

Rising Social Chatter and Liquidations Signal Potential Selloff

社交热潮和清算的增加预示着潜在的抛售

Social media discussions surrounding meme coins have increased, often a precursor to market corrections. Additionally, on-chain data reveals a 63% increase in open interest for PEPE and $48 million in 24-hour liquidations.

围绕模因币的社交媒体讨论有所增加，这通常是市场调整的先兆。此外，链上数据显示，PEPE 的未平仓合约增加了 63%，24 小时清算额增加了 4800 万美元。

Whales Cashing Out

鲸鱼兑现

The whale who sold the PEPE coins had accumulated a vast amount between May and September 2023. Despite the recent sale, they still hold a significant amount of PEPE, indicating a shift from long-term holdings to cashing in.

出售 PEPE 币的鲸鱼在 2023 年 5 月至 9 月期间积累了大量资金。尽管最近出售了 PEPE，但他们仍然持有大量 PEPE，这表明他们从长期持有转向套现。

Warning Signs for Meme Coin Market

Meme 币市场的警告信号

Other meme coins have also experienced gains, including DOGE, FLOKI, and BONK, potentially fueled by FOMO and greed. However, market corrections often follow such frenzied spikes.

其他 meme 代币也经历了上涨，包括 DOGE、FLOKI 和 BONK，这可能是由 FOMO 和贪婪推动的。然而，市场的调整往往伴随着这种疯狂的飙升。

Caution Advised

建议谨慎

As PEPE's market capitalization reaches record highs and trading volumes soar, investors are advised to proceed with caution. The whale sell-off and other indicators suggest a potential impending selloff, which could leave smaller investors vulnerable.

随着PEPE市值屡创新高，交易量飙升，建议投资者谨慎操作。鲸鱼抛售和其他指标表明潜在的抛售即将到来，这可能会让规模较小的投资者变得脆弱。