Pepe Coin: Whale Dumps 1 Tln PEPE Amid 5% Price Drop, What's Next?

Pepe Coin：Whale 在价格下跌 5% 的情况下抛售 1 Tln PEPE，下一步是什么？

Amidst the ongoing slump in the meme coin market, Pepe Coin has taken a bearish turn, experiencing a significant pullback in its price. Slipping nearly 5% in the past 24 hours, the frog-themed meme coin has fueled speculation among investors regarding a potential "topping out" of its price trajectory.

在 meme 币市场持续低迷的情况下，Pepe Coin 出现了看跌转变，价格大幅回调。这款以青蛙为主题的 meme 代币在过去 24 小时内下跌了近 5%，引发了投资者对其价格轨迹可能“见顶”的猜测。

This sentiment stems primarily from a staggering 1.2 trillion PEPE being offloaded to Binance, one of the leading centralized exchanges (CEXs), on May 7. Here's a closer look at this colossal transfer that has sparked a flurry of bearish thoughts on Pepe Coin's future movements.

这种情绪主要源于 5 月 7 日，令人震惊的 1.2 万亿 PEPE 被卸载到领先的中心化交易所 (CEX) 之一的币安。以下是对这一巨额转移的仔细观察，它引发了对 Pepe Coin 未来走势的一系列悲观想法。

Multisig Wallet Shifts Pepe Coin to Binance

多重签名钱包将佩佩币转移到币安

According to reports from various on-chain transaction tracking platforms, a multisig wallet, typically associated with whales or institutions, deposited 1.238 trillion PEPE, equivalent to $10.56 million, to Binance. While the coin's price trajectory waned, this massive PEPE dump has further fueled bearish market sentiments, with investors speculating that PEPE's price may have peaked.

根据各种链上交易跟踪平台的报告，一个通常与鲸鱼或机构相关的多重签名钱包向币安存入了 1.238 万亿个 PEPE，相当于 1056 万美元。虽然代币的价格轨迹减弱，但 PEPE 的大规模抛售进一步加剧了看跌的市场情绪，投资者猜测 PEPE 的价格可能已见顶。

However, market data indicates that PEPE's net outflow from exchanges has also surged in the past 24 hours, creating contrasting sentiments. PEPE's net outflow from Binance totaled $11.32 million in the past 24 hours, while $1.72 million was the net outflow recorded via OKX, overshadowing the inflows recorded. This paints a contrasting picture of Pepe's market position.

然而，市场数据显示，PEPE在过去24小时内从交易所的净流出也大幅增加，造成了相反的情绪。过去 24 小时内，PEPE 从币安的净流出总额为 1132 万美元，而 OKX 记录的净流出额为 172 万美元，超过了记录的流入额。这描绘了佩佩市场地位的鲜明对比。

It's noteworthy that CoinGape Media's reports indicate substantial PEPE accumulations over the past few days, tipping the balance more towards optimism for the token in the long run. Nonetheless, with the massive selloff, coupled with the frog-themed meme token's declining price trajectory, the short-term outlook for PEPE appears turbulent.

值得注意的是，CoinGape Media 的报告显示，过去几天 PEPE 大量积累，从长远来看，该货币的平衡更加乐观。尽管如此，随着大规模抛售，再加上以青蛙为主题的 meme 代币的价格轨迹不断下降，PEPE 的短期前景似乎动荡。

PEPE Price Tumbles

PEPE 价格暴跌

As of writing, Pepe Coin's price has dropped by 4.60% in the past 24 hours and is currently trading at $0.000008187. The frog-themed token's market cap has plunged 4.58%, while its 24-hour trading volume has skyrocketed by 38.77%.

截至撰写本文时，Pepe Coin 的价格在过去 24 小时内下跌了 4.60%，目前交易价格为 0.000008187 美元。青蛙主题代币市值暴跌4.58%，而24小时交易量却飙升38.77%。

Simultaneously, Coinglass data reveals that the token's open interest has declined by 10.74%, while the derivatives volume has surged by 22.10%. This collectively highlights a mixed sentiment for the PEPE token in the market.

同时，Coinglass 数据显示，该代币的未平仓合约下降了 10.74%，而衍生品交易量却飙升了 22.10%。这共同凸显了市场上对 PEPE 代币的复杂情绪。

Despite the short-term volatility, PEPE's price may witness a potential rally post-BTC halving, aligning with historical data that suggests a price surge in altcoins following Bitcoin halving events.

尽管存在短期波动，但 PEPE 的价格可能会在 BTC 减半后出现潜在反弹，这与表明比特币减半事件后山寨币价格飙升的历史数据一致。

The post Pepe Coin: Whale Dumps 1 Tln PEPE Amid 5% Price Drop, What's Next? appeared first on CoinGape.

Pepe Coin 后：Whale 在价格下跌 5% 的情况下抛售 1 Tln PEPE，下一步是什么？首先出现在 CoinGape 上。