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The frog-themed meme coin PEPE has experienced a significant surge in valuation, positioning it for a potential sell-off by market whales. Within the past 24 hours, PEPE has ascended by 2.15% to $0.00001654, bolstered by a substantial 75% increase over the preceding seven-day period.

以青蛙为主题的 meme 币 PEPE 的估值大幅上涨，可能会遭到市场鲸鱼的抛售。在过去 24 小时内，PEPE 上涨 2.15% 至 0.00001654 美元，较前 7 天大幅上涨 75%。

PEPE's rally has established a bullish trajectory for other meme coins this month. Historically, PEPE has consistently exhibited bullish momentum in May. According to Cryptorank data, PEPE concluded May 2023 with a 74.9% growth, a figure that is less than half of the 148.2% recorded thus far this month.

PEPE 的反弹为本月其他 meme 代币确立了看涨轨迹。从历史上看，PEPE 在 5 月份一直表现出看涨势头。根据 Cryptorank 数据，PEPE 截至 2023 年 5 月增长了 74.9%，这一数字还不到本月迄今记录的 148.2% 的一半。

This substantial upshoot has propelled PEPE to multiple all-time highs (ATH) this month. On-chain data indicates that the most recent ATH occurred hours prior, when the token soared to $0.00001718. In the wake of this parabolic growth, the crypto analytics platform Lookonchain has reported that two newly created wallets withdrew 182.7 billion PEPE, valued at approximately $3.1 million, from OKX in under an hour.

这一大幅上涨已推动 PEPE 本月创下多个历史新高 (ATH)。链上数据表明，最近的 ATH 发生在数小时前，当时代币飙升至 0.00001718 美元。在这种抛物线式增长之后，加密分析平台 Lookonchain 报告称，两个新创建的钱包在一小时内从 OKX 提取了 1827 亿个 PEPE，价值约 310 万美元。

The movement of such a large volume of PEPE from an exchange is generally interpreted as a vote of confidence, as it suggests a diminished willingness to sell. While a small portion of holders may be seeking to realize profits on their PEPE holdings, the token's whales remain cautious, as evidenced by IntoTheBlock's analysis of holder concentration.

如此大量的 PEPE 从交易所流出通常被解释为信任投票，因为这表明出售意愿减弱。尽管一小部分持有者可能寻求通过其持有的 PEPE 实现利润，但该代币的鲸鱼仍然保持谨慎态度，IntoTheBlock 对持有者集中度的分析证明了这一点。

Amidst the bullish trend for PEPE, the digital token is now on the verge of surpassing Polygon in terms of market capitalization.

在 PEPE 的看涨趋势中，该数字代币的市值目前即将超越 Polygon。

As of this writing, PEPE's market capitalization stands at $6.98 billion, while Polygon's is pegged at $7.21 billion. Should the current price rally for PEPE continue at its present pace in the short to medium term, it may ultimately surpass not only Polygon but also Near, Bitcoin Cash, Tron, and others, as it previously did with Ethereum Classic.

截至撰写本文时，PEPE 的市值为 69.8 亿美元，而 Polygon 的市值为 72.1 亿美元。如果 PEPE 当前的价格上涨在中短期内继续以目前的速度增长，它最终可能不仅会超越 Polygon，还会超越 Near、比特币现金、Tron 等，就像之前对以太坊经典所做的那样。