96.36% 的 PEPE 地址现已变为绿色

链上数据显示，在 memecoin 过去一周大幅上涨后，超过 96% 的 PEPE 投资者已获利。

A recent analysis of on-chain data has revealed that an overwhelming majority, specifically 96.36%, of PEPE investors are currently experiencing net unrealized profits. This insight was shared by cryptocurrency researcher Vicakdo in a post on X.

最近对链上数据的分析显示，绝大多数（特别是 96.36％）的 PEPE 投资者目前正在经历未实现净利润。加密货币研究员 Vicakdo 在 X 上的一篇文章中分享了这一见解。

To gain further perspective, let's examine the "Global In/Out of the Money" indicator from IntoTheBlock. This indicator provides valuable information regarding the number of addresses that purchased the cryptocurrency at specific historical price ranges.

为了获得更深入的了解，让我们检查一下 IntoTheBlock 的“全球资金流入/流出”指标。该指标提供了有关在特定历史价格范围内购买加密货币的地址数量的宝贵信息。

To calculate the "cost basis" for each investor, IntoTheBlock utilizes on-chain data to determine the average deposit price of the coins in any wallet.

为了计算每个投资者的“成本基础”，IntoTheBlock 利用链上数据来确定任何钱包中代币的平均存款价格。

Based on this calculation, investors who have a cost basis higher than the current spot price are considered to be holding net unrealized losses. IntoTheBlock terminology defines addresses in this category as "out of the money."

根据这一计算，成本基础高于当前现货价格的投资者被视为持有未实现净亏损。 IntoTheBlock 术语将此类地址定义为“价外地址”。

Conversely, those with a cost basis lower than the asset's current value are assumed to be "in the money." Naturally, investors who are exactly breaking even on their investment at the current price would be considered to be "at the money."

相反，那些成本基础低于资产当前价值的资产被假定为“价内资产”。当然，按当前价格完全实现投资收支平衡的投资者将被视为“处于平值状态”。

The following chart presents the current distribution of PEPE investors across all three of these categories, highlighting how the different ranges compare in terms of the investors who share their cost basis at them.

下图显示了 PEPE 投资者在所有这三个类别中的当前分布，突出显示了不同范围在分享其成本基础的投资者方面的比较。

In the graph, the size of the dot corresponds to the number of addresses with their average acquisition price within the corresponding range. Notably, all of the large dots are positioned below the current spot price, indicating that the majority of investors are in profit.

图中，点的大小对应于平均获取价格在相应范围内的地址数量。值得注意的是，所有大点都位于当前现货价格下方，表明大多数投资者都在获利。

Delving deeper into the data, we observe that only 10 addresses are still holding at a net loss, which is a negligible amount compared to the 236,320 addresses in the green.

深入研究数据，我们发现只有 10 个地址仍处于净亏损状态，与绿色的 236,320 个地址相比，这个数字可以忽略不计。

The remaining percentage of the cryptocurrency's holder base is currently at the money level, where the price is undergoing a retest of their shared average cost basis.

加密货币持有者群体的剩余百分比目前处于货币水平，其价格正在对其共享平均成本基础进行重新测试。

Generally, a retest of the cost basis is significant for any investor, as it can lead to a flip in their profit-loss situation. Consequently, investors can be more likely to show some reaction when such a retest takes place.

一般来说，重新测试成本基础对任何投资者来说都很重要，因为它可能会导致利润损失状况的转变。因此，当进行此类重新测试时，投资者更有可能表现出一些反应。

For instance, investors who are holding at a loss may be eagerly seeking an exit opportunity at their break-even point, so the asset retesting its price could cause it to encounter resistance.

例如，亏损持有的投资者可能急于在盈亏平衡点寻求退出机会，因此重新测试其价格的资产可能会导致其遇到阻力。

Similarly, profit-seeking holders may instead react by buying when the price retests its neutral level, as they could believe the same level would be profitable in the future. Thus, these levels can provide support.

同样，当价格重新测试中性水平时，寻求利润的持有者可能会通过买入来做出反应，因为他们可能相信相同的水平将来会有利可图。因此，这些水平可以提供支持。

The strength of these resistance and support levels naturally lies in the number of addresses bought. Large circles are thick with investors, so their retest could cause a substantial reaction.

这些阻力位和支撑位的强度自然取决于购买地址的数量。大圈子里挤满了投资者，因此他们的重新测试可能会引起重大反应。

From the chart, it's evident that PEPE has little resistance ahead of itself now, so exploring higher levels shouldn't lead to the coin finding resistance from investors looking to exit at their break-even.

从图表中可以明显看出，PEPE 目前几乎没有阻力，因此探索更高水平不应导致该代币遇到寻求在盈亏平衡点退出的投资者的阻力。

At these extreme profit levels, however, the chances of profit-taking become significant, so the main obstacle to rallies from here on out would be selloffs with the aim of profit realization.

然而，在这些极端的利润水平下，获利回吐的机会变得很大，因此从现在开始反弹的主要障碍将是以实现利润为目的的抛售。

PEPE Price

PEPE价格

At the time of writing, PEPE is trading around $0.0000168, up 77% in the past week.

截至撰写本文时，PEPE 的交易价格约为 0.0000168 美元，过去一周上涨了 77%。