PEPE: A Top Pick in the Bearish Market, Fueled by Ethereum ETF Approval

PEPE：在以太坊 ETF 批准的推动下，熊市中的首选

Despite the prevailing bearish sentiment, PEPE has surged by 6% in price and experienced a 40% increase in trading volume. This makes PEPE a promising investment choice in the wake of the SEC's approval of spot Ethereum ETFs.

尽管看跌情绪普遍存在，但 PEPE 的价格仍飙升 6%，交易量增加 40%。这使得 PEPE 在 SEC 批准现货以太坊 ETF 后成为一个有前途的投资选择。

Impressive Performance in a Challenging Market

在充满挑战的市场中取得令人印象深刻的表现

PEPE has emerged as a leading ETH-based altcoin amidst a massive $107 million inflow into Ethereum ETFs. This has propelled investor interest, driving up PEPE's open interest and price. On July 24, PEPE witnessed a price jump of over 6% and a 40% increase in trading volume, indicating strong confidence among investors and traders.

随着 1.07 亿美元的巨额资金流入以太坊 ETF，PEPE 已成为领先的基于 ETH 的山寨币。这激发了投资者的兴趣，推高了 PEPE 的未平仓合约和价格。 7月24日，PEPE价格涨幅超过6%，交易量增长40%，显示出投资者和交易者的强劲信心。

Analysts' Optimistic Outlook

分析师的乐观前景

Analysts predict further growth for PEPE. After a period of consolidation, historical data suggests that PEPE tends to embark on a significant rally. This pattern is expected to repeat, providing encouragement for investors.

分析师预测 PEPE 将进一步增长。经过一段时间的盘整后，历史数据表明 PEPE 往往会出现大幅上涨。这种模式预计会重复出现，为投资者带来鼓励。

Moreover, PEPE's open interest has increased by 10% in the past 24 hours, signaling a bullish sentiment. On May 23, 2024, the SEC's approval of the spot Ether ETF led to significant accumulation of PEPE by whales and investors. This trend may continue as the ETF goes live, driving PEPE's price even higher.

此外，PEPE的未平仓合约在过去24小时内增加了10%，表明看涨情绪。 2024 年 5 月 23 日，SEC 批准了现货 ETH ETF，导致鲸鱼和投资者大量增持 PEPE。随着 ETF 上线，这种趋势可能会持续下去，推动 PEPE 的价格进一步走高。

Return of Bulls and Positive Expectations

多头回归和积极预期

CoinGlass data indicates a return of bullish sentiment, with long positions in PEPE outpacing short positions. This suggests that the market is shifting toward a more optimistic outlook.

CoinGlass 数据显示看涨情绪回归，PEPE 多头头寸超过空头头寸。这表明市场正在转向更加乐观的前景。

Struggles of Other Meme Coins

其他 Meme 币的挣扎

In contrast to PEPE's performance, other popular meme coins, such as Dogecoin (DOGE), Shiba Inu (SHIB), and Floki (FLOKI), have failed to gain momentum. DOGE, SHIB, and FLOKI have faced price declines of 1.2%, 0.8%, and 1.1%, respectively, in the last 24 hours. Even major crypto assets like Bitcoin (BTC) and Ethereum (ETH) have experienced setbacks.

与 PEPE 的表现相反，其他流行的模因币，如狗狗币 (DOGE)、柴犬 (SHIB) 和 Floki (FLOKI) 未能获得动力。 DOGE、SHIB 和 FLOKI 在过去 24 小时内分别面临 1.2%、0.8% 和 1.1% 的价格下跌。甚至像比特币（BTC）和以太坊（ETH）这样的主要加密资产也经历了挫折。