1. There has been a shift from utility tokens to meme coins, and analysts are optimistic about PEPE’s potential market capitalization.
2. A whale has accumulated a substantial amount of PEPE, and the coin’s open interest has increased.

PEPE has grown by 11.89% in the last 24 hours and 44.93% in the last 7 days. This memecoin has touched another ATH, and there are no resistances now. It appears like its price has been in a discovery stage, where it will find its next station in its course in the coming sessions. Yet, the PEPE coin is not the only meme coin on fire.
The entire meme coin market was bullish, and its Trading volumes have rocketed in the last two days and reached $10.07 billion as crypto fans flock to their preferred joke tokens. One of the biggest gainers was the GameStop meme coin. This coin has rocketed by 57.70% since yesterday and 3290.25% in the last 7 days.
Moreover, the DOC crypto highlights the big play from utility to meme tokens, as he further stated that major events have caused the drop in the utility tokens in the last two sessions.

已经从实用型代币转向模因币，分析师对 PEPE 的潜在市值持乐观态度。鲸鱼积累了大量 PEPE，该币的未平仓合约有所增加。PEPE 在过去 24 年增长了 11.89%小时和过去 ​​7 天内的 44.93%。这个 memecoin 已经触及了另一个 ATH，现在没有阻力了。看起来它的价格已经处于发现阶段，它将在接下来的交易中找到其路线的下一站。然而，PEPE 币并不是唯一火爆的 meme 币。整个 meme 币市场一片看涨，随着加密货币粉丝纷纷涌向他们喜欢的笑话代币，其交易量在过去两天猛增，达到 100.7 亿美元。涨幅最大的货币之一是 GameStop meme 币。该代币自昨天以来已飙升 57.70%，在过去 7 天内已飙升 3290.25%。 此外，DOC 加密货币凸显了从实用型代币到 meme 代币的巨大作用，他进一步表示，重大事件导致了实用型代币的下跌。最后两届会议。

$RNDR went from $11.50 to $10.05 in less than 24 hours! Should you be worried?
No.
So what happened?
In the last 24 hours, we have seen three major events that have enabled the price drop of $RNDR:

Bitcoin fell from $63,500 to $61,500.

Memecoins started to rise… pic.twitter.com/VXFfXhhfUH— D0c Crypto (@TheRealD0c) May 14, 2024

不到 24 小时内，$RNDR 从 11.50 美元涨到 10.05 美元！你应该担心吗？不。那么发生了什么？在过去的 24 小时内，我们看到了导致 $RNDR 价格下跌的三件重大事件：比特币从 63,500 美元跌至 61,500 美元。Memecoins 开始上涨…… pic.twitter.com/VXFfXhhfUH — D0c Crypto (@TheRealD0c) 5 月 14 日, 2024

The reasons were that liquidity has shifted from utility to meme coins tokens. Hence, meme coins are beginning to lift again, and lastly, the whales are selling a lot of utility tokens, probably for the shifting of booked profits into meme coins.
What Are Analysts Boasting for PEPE? Let’s Find Out
The Plazma tweeted on X that every influencer who faded PEPE during the dark times has turned into the biggest PEPE supporter, and PEPE engagement is through the roof.

原因是流动性已从实用性转向模因币代币。因此，meme 币再次开始上涨，最后，鲸鱼正在出售大量实用代币，可能是为了将预订利润转移到 meme 币。 分析师对 PEPE 有何吹捧？让我们来看看 Plazma 在 X 上发推文称，每一位在黑暗时期淡出 PEPE 的影响者都变成了最大的 PEPE 支持者，而且 PEPE 的参与度非常高。

Suddenly every influencer who faded $PEPE during the dark times has turned into the biggest pepe supporter now that $PEPE engagement is thru the roof. pic.twitter.com/8elsXxfslU— Plazma (@Plazma0x) May 15, 2024

突然之间，每个在黑暗时期淡出 $PEPE 的影响者都变成了最大的 pepe 支持者，现在 $PEPE 的参与度已经达到顶峰。 pic.twitter.com/8elsXxfslU — Plazma (@Plazma0x) 2024 年 5 月 15 日

Meanwhile, artibian on X tweeted that people are rushing to rotate everything into the meme PEPE, and it looks clear to everyone that this coin might be the absolute leader of this meme cycle.

与此同时，X 上的 artibian 发推文称，人们正争先恐后地将所有东西轮换到 meme PEPE 中，每个人都清楚，这个代币可能是这个 meme 周期的绝对领导者。

Currently, people are rushing to rotate everything into $PEPE. It is already clear to everyone that this coin will be the absolute leader of this cycle. We are about to see a jump to $15 billion mc. pic.twitter.com/XAeVo8Ntmo— artibian (@artibian_maxi) May 15, 2024

目前，人们正争先恐后地将所有东西转入 $PEPE。大家都已经很清楚，这个币将是这个周期的绝对领头羊。我们即将看到跃升至 150 亿美元。 pic.twitter.com/XAeVo8Ntmo— artibian (@artibian_maxi) 2024 年 5 月 15 日

He even boasted that the probable meme might see a jump toward the $15 billion market capitalization.
Not Being an Early PEPE Buyer, Smart Money Makes Profit
The prevailing market narrative suggests that smart money reaped significant profits. However, a whale has managed to accumulate an impressive $13.9 Million in just three months despite not being an early buyer.

他甚至夸口说，这个可能的梗可能会跃升至 150 亿美元的市值。 不是早期的 PEPE 买家，聪明的钱就能获利 流行的市场叙述表明，聪明的钱获得了可观的利润。然而，尽管鲸鱼不是早期买家，但它在短短三个月内就积累了令人印象深刻的 1390 万美元。

Who needs to be an early buyer to earn 8x from $PEPE?
This whale is making $13.67M (+875%) from $PEPE in 3 months!
Between Dec-1-23 and Feb-12-24, the whale spent $1.56M to buy 1.40T $PEPE.
Then, 14 hours ago, the whale sold 140.4B $PEPE for 1.57M $DAI at the new ATH of $PEPE,… pic.twitter.com/nY8yi0gsWA— Spot On Chain (@spotonchain) May 15, 2024

谁需要成为早期买家才能从 $PEPE 中赚取 8 倍收益？这头鲸鱼在 3 个月内从 $PEPE 赚取了 1367 万美元（+875%）！在 12 月 1 日至 23 日和 2 月 12 日至 24 日期间，这头鲸鱼花费了 156 万美元购买 1.40T $PEPE。然后，14 小时前，鲸鱼在 $PEPE 的新 ATH 上以 1.57M $DAI 的价格出售了 140.4B $PEPE，… pic.twitter.com/nY8yi0gsWA — Spot On Chain (@spotonchain) 5 月2024 年 15 日

Between December 2023 and February 2024, the whale spent $1.56 Million to acquire 1.40 trillion PEPE. Following this, the whale sold 140.4 billion PEPE for 1.75 million DAI. As of now, this address holds 1.26 trillion PEPE, worth $13.9 million, and is considered entirely profitable.
In the meantime, Pepe coin reached a new all-time high of $0.00001130. Despite recording significant selloffs of Pepe coin, the token has endured increased selling pressure and has continued to pump.
The Pepe Coin Price Rallies: What’s Next?
PEPE’s OI (open interest) has increased by 7.14% to reach $135.52 Million, according to Coinglass data. It indicates a rise in market trading activity and a growing investor interest in the asset, potentially driving up Pepe coin’s price.

2023年12月至2024年2月期间，鲸鱼花费156万美元收购了1.40万亿个PEPE。此后，鲸鱼以 175 万 DAI 的价格出售了 1404 亿个 PEPE。截至目前，该地址持有 1.26 万亿个 PEPE，价值 1390 万美元，被认为完全盈利。 与此同时，Pepe 币达到了 0.00001130 美元的历史新高。尽管 Pepe 币遭受了大幅抛售，但该代币承受了越来越大的抛售压力，并继续上涨。 Pepe 币价格上涨：下一步是什么？根据 Coinglass 数据，PEPE 的 OI（未平仓合约）增加了 7.14%，达到 1.3552 亿美元。这表明市场交易活动增加，投资者对该资产的兴趣不断增长，可能会推高 Pepe 币的价格。

PEPE Futures OI | By coinglass.com

PEPE 期货 OI |通过 coinglass.com

On the other hand, it’s important to note that the RSI has moved further into the overbought territory, currently at 76.01. That suggests market sentiment regarding a possible correction or price reversal despite the current bullish trends for PEPE and the bullish MACD above the zero line.

另一方面，值得注意的是，RSI 已进一步进入超买区域，目前为 76.01。这表明，尽管当前 PEPE 和 MACD 均位于零线上方看涨，但市场情绪仍存在可能出现修正或价格反转的情绪。

If the market continues to be bullish without encountering any previous resistance, PEPE could reach new heights. However, in the event of a correction, the price may be drawn towards previous support levels, such as $0.00001000 and $0.00000900.
Summary
PEPE has experienced significant growth in the last 24 hours and 7 days, reaching an all-time high with no prior resistance in the way now. The entire meme coin market has been bullish, with increased trading volumes and gains for tokens like GameStop.

如果市场继续看涨且没有遇到任何先前的阻力，PEPE 可能会达到新的高度。然而，如果出现回调，价格可能会被拉向之前的支撑位，例如 0.00001000 美元和 0.00000900 美元。总结PEPE 在过去 24 小时和 7 天内经历了显着增长，达到了历史新高，之前没有阻力。现在的路。整个模因币市场一直看涨，交易量增加，GameStop 等代币收益也增加。

Moreover, there has been a shift from utility tokens to meme coins, and analysts are optimistic about PEPE’s potential market capitalization.

此外，已经从实用代币转向模因币，分析师对 PEPE 的潜在市值持乐观态度。

Additionally, a whale has accumulated a substantial amount of PEPE, and the coin’s open interest has increased. However, there are indications of overbought territory and a possible price correction or reversal.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.

此外，鲸鱼积累了大量的 PEPE，代币的未平仓合约也增加了。然而，有迹象表明出现超买区域，并可能出现价格调整或逆转。 免责声明 在本文中，作者或任何提及的人发表的观点和意见仅供参考，并不代表投资、财务，或任何其他建议。交易或投资加密货币资产会带来财务损失的风险。