In a surprising turn of events, Pepe coin has sparked concerns among investors, with signs of a price correction emerging on July 5. Recent data indicates a significant sell-off of over 1 trillion PEPE on exchanges, resulting in a decline of approximately 12% in the value of the frog-themed meme coin.

令人惊讶的是，Pepe 币引发了投资者的担忧，7 月 5 日出现价格回调迹象。近期数据显示，交易所大幅抛售超过 1 万亿枚 PEPE，导致跌幅约 12%以青蛙为主题的模因硬币的价值。

Amidst a bearish cryptocurrency market, these substantial sales have significantly altered market sentiment. Doubts have arisen regarding whether Pepe coin has reached its zenith, causing unease among traders and investors. Let's delve deeper into the current market statistics of the third-largest meme coin by market capitalization and their implications for future price movements.

在看跌的加密货币市场中，这些大量的销售极大地改变了市场情绪。人们对佩佩币是否已经达到顶峰产生了怀疑，引起了交易者和投资者的不安。让我们更深入地研究按市值计算的第三大模因币的当前市场统计数据及其对未来价格走势的影响。

Massive PEPE Dump by Whales Triggers Bearish Sentiment

鲸鱼大规模抛售 PEPE 引发看跌情绪

According to on-chain data from 'The Data Nerd,' a transaction tracker, two whales transferred $1.02 trillion PEPE to a crypto exchange today.

根据交易跟踪器“The Data Nerd”的链上数据，今天有两只鲸鱼将 1.02 万亿美元的 PEPE 转移到了加密货币交易所。

Whale address 0xf22 deposited 435 billion PEPE, valued at $3.86 million, to Binance, one of the leading centralized exchanges. If sold at the current price, the whale would incur a loss of $1.21 million.

Whale 地址 0xf22 向领先的中心化交易所之一币安存入了 4350 亿个 PEPE，价值 386 万美元。如果按照目前的价格出售，这头鲸鱼将损失121万美元。

Concurrently, market maker Wintermute sold a colossal 593.6 billion PEPE for $4.61 million. This substantial selloff has amplified selling pressure on Pepe coin.

与此同时，做市商 Wintermute 以 461 万美元的价格出售了 5936 亿个 PEPE。这种大幅抛售放大了佩佩币的抛售压力。

These significant transfers to exchanges have ignited bearish market sentiment, signaling a decline in confidence in the asset's future potential. Meanwhile, Pepe coin remains largely in the red.

这些向交易所的重大转移引发了看跌的市场情绪，表明对该资产未来潜力的信心下降。与此同时，佩佩币仍基本处于亏损状态。

PEPE Coin Undergoes Notable Price Decline and Market Uncertainty

PEPE 币经历显着的价格下跌和市场的不确定性

At the time of writing, Pepe coin (PEPE) has witnessed a 12.03% decrease in value, trading at $0.000008304. The token's price has fluctuated between $0.000007724 and $0.00000963 over the past 24 hours. Over the past week, PEPE has experienced a decline of nearly 33%, erasing gains achieved during this year's bull cycle and transitioning into a bearish trend.

截至撰写本文时，佩佩币 (PEPE) 的价值已下跌 12.03%，交易价格为 0.000008304 美元。过去 24 小时内，该代币的价格在 0.000007724 美元到 0.00000963 美元之间波动。过去一周，PEPE 下跌近 33%，抹去了今年牛市周期中取得的涨幅，转入看跌趋势。

Although this price drop is in line with the broader market trend, Pepe coin had previously enjoyed a substantial surge during the bull cycle, defying overall market sentiment. This recent correction may indicate that the token's long-awaited adjustment has finally taken place.

尽管此次价格下跌符合大盘趋势，但佩佩币此前在牛市周期中曾大幅上涨，违背了整体市场情绪。最近的调整可能表明代币期待已久的调整终于发生了。

Market sentiment regarding Pepe coin's future price movements remains uncertain, as evidenced by technical indicators. The RSI currently stands around 31, indicating that further downward pressure could drive the token into oversold territory, potentially leading to a price rebound.

正如技术指标所证明的那样，市场对佩佩币未来价格走势的情绪仍然不确定。 RSI 目前处于 31 左右，表明进一步的下行压力可能会推动代币进入超卖区域，从而可能导致价格反弹。

Please note that this article serves as informational content only and should not be interpreted as legal, tax, investment, financial, or any other type of advice.

请注意，本文仅供参考，不应被解释为法律、税务、投资、财务或任何其他类型的建议。