PEPE: A Meteoric Rise in the Memecoin Universe

PEPE：Memecoin 宇宙的崛起

PEPE has emerged as the third-largest memecoin, boasting a market capitalization of $3.3 billion and a daily trading volume of $1.4 billion. This Ethereum-based token has garnered widespread attention, attracting over 279,000 on-chain holders.

PEPE 已成为第三大模因币，市值达 33 亿美元，日交易量达 14 亿美元。这种基于以太坊的代币引起了广泛关注，吸引了超过 279,000 名链上持有者。

Inspired by the iconic "Pepe the Frog" meme, PEPE has resonated with a diverse investor base. Its cultural significance and market success demonstrate the growing confidence in memecoins.

受标志性的“佩佩青蛙”迷因的启发，PEPE 引起了多元化投资者群体的共鸣。其文化意义和市场成功表明人们对模因币的信心不断增强。

Crypto Whales Fuel Bullish Sentiments

加密鲸鱼助长看涨情绪

Recent data reveals that large investors are accumulating PEPE tokens, signaling optimism for its future prospects. An investor who acquired 170 billion PEPE tokens in October 2023 for $200,000 subsequently sold their holdings for $1.97 million in July 2024, yielding an impressive 886% return.

最近的数据显示，大型投资者正在积累 PEPE 代币，这表明对其未来前景持乐观态度。一位投资者于 2023 年 10 月以 20 万美元收购了 1700 亿个 PEPE 代币，随后于 2024 年 7 月以 197 万美元的价格出售了其持有的代币，获得了令人印象深刻的 886% 回报。

Institutional players, such as Ceffu, have also expressed interest in PEPE. A wallet associated with Ceffu acquired 1.48 trillion Pepe tokens worth over $11.6 million from Binance, indicating the growing institutional presence in the memecoin market.

Ceffu 等机构参与者也表达了对 PEPE 的兴趣。与 Ceffu 相关的钱包从币安购买了 1.48 万亿个 Pepe 代币，价值超过 1160 万美元，这表明机构在 memecoin 市场的影响力不断增长。

Market Sentiment: Uncertain and Bearish

市场情绪：不确定且看跌

Despite the bullish signals from whale investors, market sentiment remains hesitant. Open interest in PEPE declined slightly over the past 24 hours, despite a marginal price increase. The Coinglass Liquidation Map indicates a dominance of short positions, suggesting that a significant portion of traders anticipate a price decline. This bearish sentiment could impact the price if market conditions persist.

尽管鲸鱼投资者发出看涨信号，但市场情绪仍然犹豫不决。尽管价格小幅上涨，但 PEPE 的未平仓合约在过去 24 小时内略有下降。 Coinglass 清算图表明空头头寸占主导地位，这表明很大一部分交易者预计价格会下跌。如果市场状况持续下去，这种看跌情绪可能会影响价格。