PEPE Whale Dumps 330 Billion Tokens, Signaling Market Correction

PEPE Whale抛售3300亿代币，标志着市场调整

Pepe (PEPE), the third-largest meme coin, has garnered significant attention due to recent whale dumps. On August 30, 2024, a PEPE whale transferred over 330 billion tokens (worth $2.53 million) to the Kraken exchange, incurring a loss of $3.13 million, as reported by Lookonchain.

佩佩（PEPE）是第三大模因币，由于最近的鲸鱼倾倒事件而引起了广泛关注。据 Lookonchain 报道，2024 年 8 月 30 日，一只 PEPE 鲸鱼向 Kraken 交易所转移了超过 3300 亿枚代币（价值 253 万美元），造成了 313 万美元的损失。

Whale Activity and Market Sentiment

鲸鱼活动和市场情绪

Despite the dump, the whale still holds 1 trillion PEPE tokens (worth $7.57 million). Notably, the whale had purchased 828.64 billion PEPE tokens ($6.18 million) on August 18, 2024.

尽管抛售，鲸鱼仍然持有 1 万亿个 PEPE 代币（价值 757 万美元）。值得注意的是，鲸鱼于 2024 年 8 月 18 日购买了 8286.4 亿个 PEPE 代币（618 万美元）。

This significant sell-off has triggered bearish market sentiment, indicating a potential correction ahead.

此次大幅抛售引发了看跌的市场情绪，表明未来可能出现调整。

Price Prediction

价格预测

Technical analysis suggests that PEPE is approaching a critical support level of $0.000007. The token is trading below its 200 Exponential Moving Average, indicating a downtrend. However, its Relative Strength Index is oversold, potentially signaling a price recovery soon.

技术分析表明，PEPE 正在接近 0.000007 美元的关键支撑位。该代币的交易价格低于 200 指数移动平均线，表明呈下降趋势。然而，其相对强度指数超卖，可能预示着价格很快就会复苏。

Based on historical data, PEPE could potentially surge 22% to $0.00000938. Conversely, if it fails to maintain support and falls below $0.00000672, it could decline to $0.000006.

根据历史数据，PEPE 可能会飙升 22% 至 0.00000938 美元。相反，如果未能维持支撑并跌破 0.00000672 美元，则可能跌至 0.000006 美元。

On-Chain Metrics

链上指标

Coinglass's PEPE OI-weighted funding rate shows a dominance of short sellers, suggesting a potential liquidation of long positions. The OI-weighted funding rate currently stands at -0.0030%, pointing towards a bearish trend.

Coinglass 的 PEPE OI 加权融资利率显示卖空者占据主导地位，这表明多头头寸可能会被清算。 OI加权资金利率目前为-0.0030%，呈现看跌趋势。

Current Trading Activity

当前交易活动

As of the time of writing, PEPE trades near $0.0000076, experiencing a minor decline of 0.6% in the last 24 hours. Open interest has increased by 6% during this period, reflecting increased market interest despite the selling pressure.

截至撰写本文时，PEPE 交易价格接近 0.0000076 美元，在过去 24 小时内小幅下跌 0.6%。在此期间，未平仓合约增加了 6%，反映出尽管面临抛售压力，但市场兴趣仍在增加。