Major Cryptocurrency Market Experiences Downturn, PEPE Token Faces Significant Price Drop

主要加密货币市场低迷，PEPE代币价格大幅下跌

On June 4, 2024, the overall cryptocurrency market witnessed a lackluster performance, with prices remaining stagnant over the last 24 hours. Amidst this somber period, an intriguing report from the analytical firm Spotonchain gained considerable attention.

2024年6月4日，整个加密货币市场表现平淡，价格在过去24小时内保持停滞状态。在这个严峻的时期，分析公司 Spotonchain 的一份有趣的报告引起了广泛关注。

During Asian trading hours, Spotonchain disclosed via X (formerly Twitter) that a prominent "PEPE whale" had transferred a substantial 366 billion PEPE tokens, valued at approximately $5.31 million, to the Binance cryptocurrency exchange.

在亚洲交易时段，Spotonchain 通过 X（前 Twitter）披露，一位著名的“PEPE 鲸鱼”已将价值约 531 万美元的 3660 亿个 PEPE 代币转移到币安加密货币交易所。

Whale Activity Triggers Market Response

鲸鱼活动引发市场反应

The massive PEPE deposit immediately influenced the token's price, resulting in a 5.5% decline. However, Spotonchain reported that despite this sell-off, the PEPE whale had realized a substantial profit of $4.84 million, representing an impressive 985% return on their original investment.

大量的 PEPE 存款立即影响了代币的价格，导致其下跌 5.5%。然而，Spotonchain 报道称，尽管遭到抛售，PEPE 鲸鱼还是实现了 484 万美元的可观利润，相当于其原始投资的 985% 的令人印象深刻的回报率。

Following this deposit, PEPE's value momentarily fluctuated around $0.0000143 but has since experienced an overall 5.5% price drop within the past 24 hours, potentially influenced by the recent sell-off. A broader analysis reveals that PEPE tokens have been grappling with challenges over the last week, losing over 10% in value. In the past month, PEPE has endured a significant 64% price decline.

这笔存款后，PEPE 的价值暂时在 0.0000143 美元左右波动，但在过去 24 小时内整体价格下跌了 5.5%，可能是受到近期抛售的影响。更广泛的分析显示，PEPE 代币上周一直在应对挑战，价值下跌超过 10%。过去一个月，PEPE 价格大幅下跌 64%。

Technical Analysis and Key Levels

技术分析和关键水平

Short-term technical analysis indicates a bearish trend for PEPE on the daily time frame. Should PEPE's daily candle close below $0.0000139, it could trigger a further 20% price drop. However, a sudden market recovery and positive sentiment could lead to an upward trend of 15% in the coming days.

短期技术分析表明 PEPE 在每日时间范围内呈看跌趋势。如果 PEPE 的每日蜡烛收盘价低于 0.0000139 美元，可能会引发价格进一步下跌 20%。然而，市场突然复苏和积极情绪可能导致未来几天上涨 15%。

Other Meme Coins and Top Cryptocurrencies

其他 Meme 硬币和顶级加密货币

Apart from PEPE, other notable meme coins such as DOGE, SHIB, WIF, and BONK have also faced setbacks, with price declines ranging from 2% to 5%. Additionally, prominent cryptocurrencies like Bitcoin, Ethereum, Solana, and Binance Coin have exhibited limited momentum.

除了 PEPE 之外，其他著名的 meme 币如 DOGE、SHIB、WIF 和 BONK 也面临挫折，价格下跌 2% 至 5% 不等。此外，比特币、以太坊、Solana 和币安币等知名加密货币的发展势头有限。