1. The memecoin continued to ride the bullish wave and registered a breakout this week.
2. PEPE coin has offered huge gain to its investors, as it hits fresh ATH mark.

The Frog-themed memecoin Pepe (PEPE) approached the ATH mark and delivered consistent upmove amidst the market volatility.

memecoin 继续乘势而上，并在本周实现突破。PEPE 币为投资者带来了巨大收益，因为它触及了新的 ATH 大关。以青蛙为主题的 memecoin Pepe (PEPE) 接近 ATH 大关，并在中间持续上涨。市场波动。

A rounding bottom formation breakout was registered in the last trading sessions. PEPE coin traded in an uptrend and revealed consistent higher high swings, soared over 104% this month.

在最后一个交易日中出现了圆底形态突破。 PEPE 代币呈上升趋势，并呈现持续较高的高位波动，本月飙升超过 104%。

Fueled by the strong trading activity and significant network growth of PEPE, investors have held the memecoin and showed their willingness to buy Pepe coin.

在 PEPE 强劲的交易活动和显着的网络增长的推动下，投资者持有 memecoin 并表现出购买 Pepe 币的意愿。

Despite the market volatility, the memecoin market significantly outperformed the crypto market, and PEPE coin has been one of the top performing among its peers.

尽管市场波动较大，memecoin 市场的表现仍明显优于加密货币市场，PEPE 币一直是同行中表现最好的货币之一。

At press time, PEPE price was $0.00001358 with an intraday rise of 22.10%, reflecting strong bullish momentum on the charts. It has a monthly return ratio of 130.29% and 890.27% yearly, revealing a strong short-term uptrend.

截至发稿，PEPE 价格为 0.00001358 美元，盘中涨幅达 22.10%，图表上反映出强劲的看涨势头。月收益率为130.29%，年收益率为890.27%，短期上涨趋势强劲。

PEPE Coin Skyrockets after Ether ETF News

以太坊 ETF 新闻发布后，PEPE 币暴涨

The possibility of Spot Ether ETF approval news fueled strong buying momentum in the memecoin market, most in the PEPE coin, which surged over 25% intraday. Other than positive news, the technicals of the PEPE coin revealed a bullish trend and hinted that the bull rally might continue ahead.

以太币现货 ETF 获批消息的可能性推动了 memecoin 市场的强劲买盘势头，其中大部分是 PEPE 币，该币盘中飙升超过 25%。除了利好消息外，PEPE 代币的技术面显示出看涨趋势，并暗示牛市反弹可能会持续下去。

Going forward, the MVRV ratio stood at 38%, signifying that most of its investors have gained huge profit and selloff is due, which may hit anytime will lead to a correction soon.

展望未来，MVRV比率为38%，表明大部分投资者已获得巨额利润，抛售即将到来，随时可能出现回调。

Source: TradingView

来源：TradingView

The daily charts replicate the breakout and the memecoin has overtaken the 78.6% Fibonacci level.

日线图复制了这一突破，memecoin 已超越 78.6% 的斐波那契水平。

Additionally, a sharp spike in the trading volume over 84% to $3.38 Billion and the market cap soared over 3.20% to $5.75 Billion. Meanwhile, the total supply of the PEPE coin is 430.69 trillion.

此外，交易量大幅飙升超过 84% 至 33.8 亿美元，市值飙升超过 3.20% 至 57.5 亿美元。与此同时，PEPE币的总供应量为430.69万亿枚。

What Does Price Volatility and Sentiment Indicate?

价格波动和情绪表明什么？

Following the sharp price rise, the price volatility soars over 54% to 0.084 mark, revealing the investor speculation.

随着价格大幅上涨，价格波动率飙升超过54%至0.084关口，暴露了投资者的投机行为。

Source: Santiment

资料来源：Santiment

Meanwhile, the sudden drop in the weighted sentiment signifies the profit booking at the highs may be seen shortly, as investors are looking to secure their gains.

与此同时，加权情绪的突然下降意味着，由于投资者希望确保收益，因此可能很快就会在高位获利回吐。

Futures OI Data Outlook

期货OI数据展望

The derivative data reveals the massive long additions and the open interest spiked over 34.77% to $164.88 Million in the last 24 hrs.

衍生品数据显示，过去 24 小时内，多头大量增加，未平仓合约飙升超过 34.77%，达到 1.6488 亿美元。

Source: coinglass

来源：硬币玻璃

Recent tweet on X, the memecoin displayed an intense surge in transaction activity over the last weeks. Over the past few weeks, a significant increase in transaction activity was noted. The value soared over 22% to 2672 mark this week.

最近在 X 上发布的推文显示，memecoin 在过去几周的交易活动急剧增加。过去几周，交易活动显着增加。本周该指数飙升逾 22% 至 2672 点。

Per the @Spotonchain tweet, BlockTower Capital moved over 202.2B PEPE worth $2.79 Million to exchange, as the memecoin hit ATH mark and profit booking may hit anytime.

根据 @Spotonchain 推文，BlockTower Capital 转移了价值 279 万美元的 202.2B PEPE 进行交换，因为 memecoin 达到了 ATH 大关，利润预定可能随时达到。

2 hours ago, BlockTower Capital moved 202.2B $PEPE ($2.79M) to Cumberland for profits as the price soared by 25% to a new ATH! If truly buying and selling now, the VC would make $569K (+25.6%) after only 7 days! Follow @spotonchain and set alerts for the BlockTower Capital… pic.twitter.com/hKOgU90q7g

2小时前，BlockTower Capital将202.2B $PEPE（279万美元）转移至Cumberland以获取利润，价格飙升25%至新的ATH！如果现在真正进行买卖，仅 7 天后 VC 就能赚到 56.9 万美元（+25.6%）！关注 @spotonchain 并为 BlockTower Capital 设置警报…… pic.twitter.com/hKOgU90q7g

— Spot On Chain (@spotonchain) May 22, 2024

— Spot On Chain (@spotonchain) 2024 年 5 月 22 日

Per the @lookonchain tweet, a transaction from an unknown wallet to exchange over $2.53 Million. Also, he was lucky to gain more than 7300x within a few minutes of trade execution.

根据 @lookonchain 推文，来自未知钱包的交易金额超过 253 万美元。此外，他很幸运在交易执行后几分钟内就获得了超过 7300 倍的收益。

An early buyer of $PEPE deposited all 182.9B $PEPE($2.53M) into #Binance 6 hours ago. This guy spent 0.22 $ETH($462) to buy 324.9B $PEPE on Apr 15, 2023, and sold it all for $3.4M. He was lucky enough to turn $462 into $3.4M, a gain of 7,368x! Address: https://t.co/o4UcGKVHEh pic.twitter.com/zq03iGzcAe

$PEPE 的早期买家于 6 小时前将全部 182.9B $PEPE（253 万美元）存入#Binance。此人于 2023 年 4 月 15 日花费 0.22 $ETH($462) 购买了 324.9B $PEPE，并以 340 万美元的价格全部出售。他很幸运，将 462 美元变成了 340 万美元，收益达 7,368 倍！地址：https://t.co/o4UcGKVHEh pic.twitter.com/zq03iGzcAe

— Lookonchain (@lookonchain) May 22, 2024

— Lookonchain (@lookonchain) 2024 年 5 月 22 日

Source: X

来源：X

Conclusion

结论

The Pepe (PEPE) price trades in the bullish trajectory and might face profit booking ahead. However, the trend is bullish and sellers need adequate strength to attain dominance.

佩佩（PEPE）价格处于看涨轨迹，可能面临提前获利预定。然而，趋势是看涨的，卖家需要足够的实力才能获得主导地位。

The possibility of a spot Ether ETF has fueled enthusiasm and price rallies, particularly in meme coins, including PEPE, as investors eagerly anticipate the potential impact on the market.

现货以太坊 ETF 的可能性激发了人们的热情和价格上涨，尤其是包括 PEPE 在内的 meme 代币，因为投资者热切地预期这对市场的潜在影响。