PEPE Investors' Shift Drives Volatility, Impacting Price Trajectory

PEPE 投资者的转变导致波动性，影响价格轨迹

PEPE has faced challenges in its price ascent, experiencing a 4% decline in the last 24 hours and a 6.5% drop in the past week. Increased selling pressure since mid-July has contributed to this trend.

PEPE的价格上涨面临挑战，过去24小时下跌4%，过去一周下跌6.5%。自七月中旬以来不断增加的抛售压力促成了这一趋势。

Surge in Short-Term Holders

短期持有者激增

On-chain data from IntoTheBlock reveals a notable increase in short-term PEPE holders over the past 30 days. The 'Balance by Time Held' metric indicates a 31% rise in trader cohort balances, who typically sell within a month. This shift points towards more speculative trading activity.

IntoTheBlock 的链上数据显示，过去 30 天内短期 PEPE 持有者显着增加。 “按持有时间划分的余额”指标表明，交易者群组余额增加了 31%，这些交易者通常会在一个月内卖出。这种转变指向更多的投机交易活动。

Decline in Long-Term Holders

长期持有者减少

Conversely, cruiser addresses, holders who sell within one to twelve months, have decreased by 6.24% in the same period. This suggests that long-term holders are contributing to the selling pressure.

相反，巡洋舰地址（即在 1 至 12 个月内出售的持有者）同期减少了 6.24%。这表明长期持有者正在加剧抛售压力。

Impact on PEPE's Volatility

对 PEPE 波动性的影响

The influx of short-term holders has introduced greater volatility into PEPE's market. As these investors react swiftly to price fluctuations, it creates frequent swings. This volatility has hindered PEPE's ability to maintain a stable upward trajectory.

短期持有者的涌入给PEPE市场带来了更大的波动。由于这些投资者对价格波动反应迅速，因此会造成频繁的波动。这种波动性阻碍了 PEPE 保持稳定上涨轨迹的能力。

Current Market Position

目前的市场地位

At the time of writing, PEPE trades at $0.00001135, still 42% above its 2-month low. However, its upward momentum has been tempered by short-term holder activity. PEPE now faces a significant support level at $0.00001133. A breakout above this level could allow PEPE to resume its uptrend towards $0.00002.

截至撰写本文时，PEPE 交易价格为 0.00001135 美元，仍较 2 个月低点高出 42%。然而，短期持有者活动削弱了其上涨势头。 PEPE 现在面临 0.00001133 美元的重要支撑位。突破该水平可能会让 PEPE 恢复其上涨趋势，升至 0.00002 美元。