Pepe Coin Surges in Value, Topping NFT Collections

Pepe Coin 价值飙升，成为 NFT 收藏品中的佼佼者

The prominent meme coin, Pepe (PEPE), has witnessed a remarkable surge in its market valuation, eclipsing the combined market capitalization of all notable non-fungible token (NFT) collections.

著名的模因币 Pepe (PEPE) 的市场估值显着飙升，超过了所有著名的不可替代代币 (NFT) 收藏的总市值。

As of the latest data, PEPE's market capitalization has exceeded $6.2 billion, a significant 10% higher than the total market value of all profile picture (PFP) NFT collections.

截至最新数据，PEPE 的市值已超过 62 亿美元，比所有头像（PFP）NFT 集合的总市值高出 10%。

This surge coincides with a substantial uptick in PEPE's trading volume, which reached $2.47 billion over the past 24 hours, representing a substantial 216% increase since the start of May.

这一激增与 PEPE 的交易量大幅上升同时发生，过去 24 小时内交易量达到 24.7 亿美元，自 5 月初以来大幅增长 216%。

PEPE has experienced an exceptional trajectory since its launch in May 2023, with its price escalating by an extraordinary 25,955%. This year alone, the coin has surged by 1,042%, despite encountering periods of volatility that savvy traders have capitalized on.

自 2023 年 5 月推出以来，PEPE 经历了一段非凡的轨迹，其价格惊人地上涨了 25,955%。仅今年一年，尽管精明的交易者利用了经历过的波动期，但该代币仍飙升了 1,042%。

While PEPE reached an all-time high of $0.00001718 on May 27, it has since corrected downwards by approximately 12%. Currently, the coin is trading at $0.00001503.

虽然 PEPE 于 5 月 27 日达到历史新高 0.00001718 美元，但此后已向下修正约 12%。目前，该代币的交易价格为 0.00001503 美元。

Surpassing NFTs and Market Sentiment

超越 NFT 和市场情绪

PEPE's dominance extends beyond the meme coin sector, as it overshadows major NFT collections in terms of daily trading volume. In the past 24 hours, PEPE recorded a trading volume of $1.3 billion, while blue-chip NFTs moved a mere $12.8 million.

PEPE 的主导地位超出了 meme 币领域，因为它的日交易量盖过了主要的 NFT 系列。在过去 24 小时内，PEPE 的交易量为 13 亿美元，而蓝筹 NFT 的交易量仅为 1280 万美元。

Despite recent spikes in trading activity for Bitcoin (BTC) and Solana (SOL) NFTs, as well as the NFT lending market crossing the $2 billion mark in its first quarter, the overall NFT token market remains in decline. NFT trader counts have plummeted by 85% over the past two years, according to data from DragonFly's Hildobby.

尽管最近比特币 (BTC) 和 Solana (SOL) NFT 的交易活动激增，并且 NFT 借贷市场在第一季度突破了 20 亿美元大关，但整体 NFT 代币市场仍在下滑。根据 DragonFly 的 Hildobby 的数据，过去两年 NFT 交易者数量骤降了 85%。

Furthermore, PEPE's robust trading activity contrasts with the dwindling engagement in the NFT market, as evidenced by the Dune dashboard. OpenSea, once the leading NFT marketplace, has witnessed a decline in weekly traders of over 90%, dropping from 187,000 in June 2022 to under 10,000 today. Similar declines have been observed across other NFT platforms such as Blur, Magic Eden, and LooksRare, with the total number of weekly traders on all platforms plummeting from 201,000 in June 2022 to just 24,300.

此外，PEPE 强劲的交易活动与 NFT 市场参与度的下降形成鲜明对比，正如 Dune 仪表板所证明的那样。 OpenSea 曾经是领先的 NFT 市场，每周交易者数量下降了 90% 以上，从 2022 年 6 月的 187,000 人下降到如今的不到 10,000 人。 Blur、Magic Eden 和 LooksRare 等其他 NFT 平台也出现了类似的下降，所有平台上的每周交易者总数从 2022 年 6 月的 201,000 人骤降至 24,300 人。

Market Fluctuations and Investor Outlook

市场波动与投资者展望

Data from Santiment indicates that PEPE's exchange inflows and outflows have decreased over the last three days, signaling potential bearish momentum. However, the coin's Relative Strength Index (RSI) has declined from 77 to 67, suggesting that while PEPE remains overbought, it is moving towards consolidation. An RSI below 50 could potentially indicate a sustained price increase.

Santiment 的数据表明，过去三天 PEPE 的交易流入和流出有所减少，表明潜在的看跌势头。然而，该代币的相对强弱指数（RSI）已从 77 下降至 67，这表明虽然 PEPE 仍处于超买状态，但它正在走向盘整。 RSI 低于 50 可能表明价格持续上涨。

Despite these fluctuations, over 96% of PEPE holders are currently in profit, according to data from IntotheBlock.

根据 IntotheBlock 的数据，尽管存在这些波动，但超过 96% 的 PEPE 持有者目前处于盈利状态。

As the meme coin market approaches a $69 billion market capitalization, with PEPE spearheading the charge and current trends indicating strong market interest, investors are advised to remain informed and seek diverse perspectives before making investment decisions.

随着 meme 币市场接近 690 亿美元的市值，PEPE 引领潮流，当前趋势表明市场兴趣浓厚，建议投资者在做出投资决策之前保持知情并寻求不同的观点。