PEPE Surges Following Dogecoin's Rally

狗狗币上涨后 PEPE 飙升

PEPE, the "king of memecoins," has recently experienced a breakout similar to that of Dogecoin. The cryptocurrency has soared to new highs, marking a significant rally.

PEPE，“模因币之王”，最近经历了类似于狗狗币的突破。加密货币已飙升至新高，标志着大幅反弹。

Liquidity Rotation Fuels PEPE's Rise

流动性轮动推动 PEPE 上涨

The surge in PEPE's price was anticipated due to liquidity rotation within the cryptocurrency market. The previous all-time high (ATH) of $0.00001725 was surpassed on May 27, but it struggled to sustain momentum.

由于加密货币市场内的流动性轮动，预计 PEPE 价格将飙升。之前的历史高点 (ATH) 于 5 月 27 日被突破 0.00001725 美元，但仍难以维持势头。

In the past month, PEPE has rallied by over 233%, reaching a new ATH of $0.00002597. At the time of writing, it is trading at $0.00002224.

过去一个月，PEPE 上涨超过 233%，达到新的 ATH 0.00002597 美元。截至撰写本文时，其交易价格为 0.00002224 美元。

Robust Demand in Derivatives Market

衍生品市场需求旺盛

The latest rally was supported by strong demand in the derivatives segment. Futures open interest reached a record $281.84 million, indicating high demand from this sector.

最近的反弹受到衍生品领域强劲需求的支撑。期货未平仓合约达到创纪录的 2.8184 亿美元，表明该行业的需求很高。

Bearish Expectations Emerge

看跌预期出现

While PEPE has achieved a new ATH, bearish expectations are returning. Shorts have dominated trading in the last 24 hours, suggesting profit-taking may lead to sell pressure.

尽管 PEPE 达到了新的 ATH，但看跌预期正在卷土重来。过去 24 小时内，空头主导了交易，这表明获利了结可能会导致抛售压力。

Large Holder Flows Reveal Mixed Sentiment

大量持有者的流动揭示了复杂的情绪

Large holder flows reveal that whales have been actively involved in the rally, but they have also been playing both sides. Inflows have surged, but outflows have also increased.

大量持有者的流动表明，鲸鱼一直在积极参与涨势，但他们也一直在玩弄双方。资金流入激增，但资金流出也有所增加。

The current data suggests that whales are taking profits, but there is still significant buying pressure. This may indicate further upside potential in the coming month as the bull market heats up.

目前的数据表明鲸鱼正在获利了结，但仍然存在巨大的购买压力。随着牛市升温，这可能表明未来一个月还有进一步的上涨潜力。