PEPE: The Meme Coin on Fire

PEPE：Meme 币着火了

The cryptocurrency realm is witnessing a familiar sight: a meme coin on a meteoric rise. PEPE, a token adorned with the internet's beloved frog, has skyrocketed in recent weeks, leaving investors questioning whether this is the dawn of a new era or a fleeting fad.

加密货币领域正在见证一个熟悉的景象：模因币的迅速崛起。 PEPE 是一种装饰着互联网上深受喜爱的青蛙的代币，最近几周价格飙升，让投资者质疑这是否是新时代的黎明，还是昙花一现的时尚。

PEPE's Triumphant Surge

PEPE的凯旋

Over the past month, PEPE has exceeded expectations, leaving a trail of green for investors. Its price triumphantly reached a new all-time high, soaring over 100% in just 30 days. This astronomical rise has resulted in jubilant hodlers, with IntoTheBlock data revealing that a remarkable 97% were profiting handsomely.

过去一个月，PEPE的表现超出预期，为投资者留下了一道绿线。其价格在短短30天内飙升超过100%，创下历史新高。这种天文数字般的上涨让持有者欣喜若狂，IntoTheBlock 数据显示，高达 97% 的持有者获利丰厚。

CoinGecko data indicate that Pepe has surged 56% in the previous week and 99% in the last month, reclaiming its position as the third-largest meme coin by market capitalization from Dogwifhat (WIF).

CoinGecko 数据显示，Pepe 在上周飙升了 56%，在上个月飙升了 99%，从 Dogwifhat (WIF) 手中夺回了市值第三大 meme 币的地位。

The bullish momentum shows no signs of abating. The past 24 hours have witnessed another surge of 3.7%, further propelling PEPE to its current peak. This impressive performance has garnered significant attention, both financially and on social media. The coin's social volume has spiked, indicating a surge in interest and online chatter.

看涨势头没有减弱的迹象。过去 24 小时内，PEPE 再次飙升 3.7%，进一步推动其达到当前峰值。这一令人印象深刻的业绩在财务上和社交媒体上都引起了广泛关注。该代币的社交量激增，表明人们的兴趣和在线讨论量激增。

Whale Activity and Market Sentiment

鲸鱼活动和市场情绪

Adding fuel to the fire, a whale, a term used for large investors with substantial buying power, has been making waves. Lookonchain, a blockchain analytics platform, recently reported a whale withdrawing a staggering 500 billion PEPE from Binance, a major cryptocurrency exchange. This mass accumulation suggests a whale-sized vote of confidence in PEPE's future.

火上浇油的是，“鲸鱼”这个词用于形容拥有强大购买力的大投资者，它一直在掀起波澜。区块链分析平台 Lookonchain 最近报告称，一头鲸鱼从主要加密货币交易所币安撤回了惊人的 5000 亿枚 PEPE。这种大规模积累表明，鲸鱼对 PEPE 的未来投下了巨大的信任票。

While the recent price increase and social media buzz are undoubtedly positive signs, some analysts are urging caution. A closer examination of technical indicators reveals potential signs of an overheated market. The Chaikin Money Flow (CMF), which measures buying and selling pressure, has registered a decline.

虽然最近的价格上涨和社交媒体的热议无疑是积极的信号，但一些分析师敦促谨慎行事。对技术指标的仔细检查揭示了市场过热的潜在迹象。衡量买卖压力的柴金资金流量（CMF）已出现下降。

Similarly, the Money Flow Index (MFI) and Relative Strength Index (RSI) are both hovering in the overbought zone, suggesting PEPE's price might be due for a correction.

同样，资金流量指数（MFI）和相对强弱指数（RSI）均徘徊在超买区域，表明 PEPE 的价格可能会出现调整。

Further complicating the picture is the presence of selling pressure. While some investors are piling in, others might be cashing out on their profits. Santiment, a crypto analytics platform, observed a rise in PEPE's exchange outflow last week, indicating buying pressure. However, they also noted an increase in supply on exchanges, suggesting some investors might be taking advantage of the high price to sell.

抛售压力的存在使情况变得更加复杂。虽然一些投资者正在涌入，但其他投资者可能正在兑现利润。加密货币分析平台 Santiment 观察到上周 PEPE 的交易流出有所增加，表明购买压力。然而，他们也注意到交易所供应量增加，这表明一些投资者可能会利用高价出售。

Potential Price Correction

潜在的价格调整

NewsBTC analyzed PEPE's daily chart to assess the impact of this potential selling pressure. Their analysis suggests that the price might first fall to $0.0000122 before potentially finding support and initiating another bull run. However, a deeper correction could see PEPE plummet to $0.000010 or even lower.

NewsBTC 分析了 PEPE 的日线图，以评估这种潜在抛售压力的影响。他们的分析表明，价格可能首先跌至 0.0000122 美元，然后可能找到支撑并引发另一场牛市。然而，更深入的调整可能会导致 PEPE 暴跌至 0.000010 美元甚至更低。

Most Traded Memecoin

交易量最大的模因币

Meanwhile, Pepe remains among the most traded cryptocurrency assets over the previous day, according to data from Binance, with only BNB Coin (BNB), Bitcoin (BTC), and Ethereum (ETH) surpassing it. Pepe continues to be the most traded meme coin, outpacing popular coins such as Dogecoin (DOGE), Floki (FLOKI), and Shiba Inu (SHIB).

与此同时，根据币安的数据，Pepe 仍然是前一天交易量最大的加密货币资产之一，只有 BNB 币 (BNB)、比特币 (BTC) 和以太坊 (ETH) 超过它。 Pepe 仍然是交易量最大的模因币，超过了狗狗币 (DOGE)、Floki (FLOKI) 和 Shiba Inu (SHIB) 等流行币。