Pepe coin, a unique frog-themed meme coin, has recently captured the attention of the global crypto community with its remarkable performance. Defying the broader crypto market’s expectations, the token has surged to unprecedented levels, marking a significant bull run with monthly gains exceeding 100%.

佩佩币（Pepe coin）是一款独特的青蛙主题 meme 币，近期以其出色的表现吸引了全球加密社区的关注。该代币出乎更广泛的加密市场预期，飙升至前所未有的水平，标志着月度涨幅超过 100% 的重大牛市。

Amid this remarkable rising price trajectory embarked upon by Pepe coin, on-chain data surfacing within the market illustrated that a smart trader offloaded nearly 202 billion PEPE to a crypto exchange. This transaction has sparked sentiments that Pepe coin’s price may have potentially topped.

在 Pepe 币价格显着上涨的过程中，市场上出现的链上数据表明，一位聪明的交易者将近 2020 亿个 PEPE 转移到了加密货币交易所。这笔交易引发了人们认为佩佩币的价格可能已经见顶的情绪。

Nonetheless, market statistics appear to contrastingly paint an optimistic picture for the frog-themed meme token ahead.

尽管如此，市场统计数据似乎为未来以青蛙为主题的模因代币描绘了一幅乐观的图景。

Smart Money Offloads PEPE Amid Price Rally, Sparking Speculations

Smart Money 在价格上涨之际抛售 PEPE，引发猜测

According to insights unveiled by the on-chain analytics platform Lookonchain, the smart trader 0x843df offloaded 201.85 billion PEPE, worth $2.83 million, to the Bybit crypto exchange to take profits. Notably, this trader has traded PEPE 3 times with a staggering 100% win rate. The success rate of this smart trader has raised concerns over the coin’s potential to not pump ahead.

根据链上分析平台 Lookonchain 公布的见解，智能交易员 0x843df 将 2018.5 亿个 PEPE（价值 283 万美元）转移到 Bybit 加密货币交易所以获利。值得注意的是，该交易员已交易 PEPE 3 次，胜率达到惊人的 100%。这位聪明交易者的成功率引发了人们对代币无法超前上涨的担忧。

Meanwhile, additional speculations that the selloff is a sign of FOMO selling by the trader also prevail. As mentioned above, Pepe coin has defied all market expectations, rallying to unthinkable levels in recent days. This has also stirred market sentiments that the coin may be due for a correction. Collectively, the occurrence of these sentiments in tandem has echoed a speculative buzz among crypto market traders and investors.

与此同时，有关此次抛售是交易员“害怕错过”抛售迹象的猜测也盛行。如上所述，佩佩币违背了所有市场预期，最近几天上涨至难以想象的水平。这也激起了市场情绪，认为代币可能会进行调整。总的来说，这些情绪的同时出现呼应了加密货币市场交易者和投资者的投机热潮。