Pepe (PEPE), the largest Ethereum-based memecoin by market capitalization, continues to rally after its recovery began on November 5th. PEPE has surged approximately 230% from its November 5th low of around $0.0000078, reaching an all-time high of $0.00002597 on November 14th.

Pepe (PEPE) 是市值最大的基于以太坊的 memecoin，自 11 月 5 日开始复苏后继续上涨。 PEPE 已从 11 月 5 日低点约 0.0000078 美元飙升约 230%，并于 11 月 14 日达到历史高点 0.00002597 美元。

Data from Cointelegraph Markets Pro and TradingView shows PEE trading at $0.00002093, a 15% increase over the past 24 hours and a 104% increase over the last seven days.

Cointelegraph Markets Pro 和 TradingView 的数据显示，PEE 交易价格为 0.00002093 美元，过去 24 小时内上涨 15%，过去 7 天上涨 104%。

PEPE's trading volume has jumped 124% over the last 24 hours to $19.6 billion, and its market capitalization briefly touched $10.2 billion on November 14th before retracing to its current level of $8.8 billion.

PEPE 的交易量在过去 24 小时内跃升 124%，达到 196 亿美元，其市值在 11 月 14 日短暂触及 102 亿美元，然后回落至目前的 88 亿美元水平。

Factors Fueling PEPE's Price Momentum:

推动 PEPE 价格上涨的因素：

• Exchange Listings: PEPE's price surge coincides with several major cryptocurrency exchanges listing the memecoin. Robinhood Crypto, Coinbase, and Upbit have all announced support for PEPE trading.
• Positive Market Sentiment: Memecoins as a whole have experienced a rally, with Dogecoin (DOGE) and Shiba Inu (SHIB) posting gains over the past 24 hours. This positive sentiment has contributed to PEPE's upward momentum.
• Speculation on Crypto-Friendly Business Environment: Investors are optimistic about a crypto-friendly business environment in the US under President Donald Trump's administration. This anticipation has fueled risk-on asset buying, including memecoins.

Open Interest Supports Upside:

交易所上市：PEPE 的价格飙升恰逢几家主要的加密货币交易所上市 memecoin。 Robinhood Crypto、Coinbase 和 Upbit 均宣布支持 PEPE 交易。 积极的市场情绪：Memecoin 整体经历了上涨，狗狗币 (DOGE) 和柴犬 (SHIB) 在过去 24 小时内上涨。这种积极情绪促进了 PEPE 的上升势头。 对加密货币友好型商业环境的猜测：投资者对唐纳德·特朗普总统领导下的美国加密货币友好型商业环境持乐观态度。这种预期刺激了包括 memecoins 在内的风险资产购买。未平仓合约支持上涨：

• PEPE's open interest (OI) has surged by 160% over the past seven days, rising to an all-time high of $282.2 million on November 14th. This indicates growing market interest and anticipation of further price gains.
• Increasing demand for leveraged long positions in PEPE is evident in the OI-weighted futures funding rate, suggesting bullish sentiment among futures traders.

This article does not provide investment advice. All investments involve risk, and readers should conduct their own research before making decisions.

PEPE 的未平仓合约 (OI) 在过去 7 天内飙升 160%，于 11 月 14 日升至 2.822 亿美元的历史新高。这表明市场兴趣不断增长，并且预期价格进一步上涨。OI 加权期货融资利率中明显体现出对 PEPE 杠杆多头头寸的需求增加，表明期货交易者的看涨情绪。本文不提供投资建议。所有投资都涉及风险，读者在做出决定之前应自行研究。