Pepe Coin Flunge：鲸鱼恶作剧和价格下跌 - 纽约人的拍摄

Pepe Coin最近的价格下跌使每个人都在谈论。只是blip，还是鲸鱼在玩游戏？让我们分解戏剧。

Alright, alright, alright. Let's talk Pepe Coin. Seems like our favorite frog-themed meme coin is doing the cha-cha with some serious volatility lately. We're talking price drops, whale activity, the whole shebang. Is this the end of the line for PEPE, or just a bumpy ride on the way to the moon? Grab your coffee, and let's dive in.

好吧，好吧，好吧。让我们谈谈佩佩硬币。似乎我们最喜欢以青蛙为主题的模因硬币正在用一些严重的波动性进行Cha-Cha。我们正在谈论价格下降，鲸鱼活动，整个Shebang。这是Pepe的终点，还是在前往月球的路上只是颠簸的骑行？喝咖啡，让我们潜水。

The Price Plunge: What's Going On?

价格下跌：发生了什么？

So, PEPE's price took a 20% hit over six days, testing the $0.000010 support level. Ouch. The big question is, why? Well, it looks like selling pressure is mounting, and if PEPE dips below that psychological $0.000010 mark, we could be looking at a further slide down to $0.0000090. And if the bearish momentum keeps chugging along, $0.00000570 might be in the cards – the lowest closing price this year. Double ouch.

因此，佩佩的价格在六天内遭受了20％的命中，测试了0.000010美元的支持水平。哎哟。最大的问题是，为什么？好吧，看起来销售压力正在增加，如果Pepe下跌低于该心理$ 0.000010，我们可能会进一步下降到$ 0.0000090。而且，如果看跌势头不断努力，则可能是$ 0.00000570，这是今年最低的收盘价。双ouch。

Whale Alert: Are They Dumping?

鲸鱼警报：他们在倾倒吗？

Now, here's where things get interesting. On-chain data from IntoTheBlock shows a spike in large transactions (over $100,000). This usually signals a peak or bottom in a price cycle. But with increasing selling pressure, it looks like the big boys – the whales – might be cashing out. This increased whale activity reinforces the idea that PEPE might be heading for a deeper correction. But here's the kicker: more recent data showed a 54% spike in whale netflows, indicating accumulation. Confusing, right?

现在，这是事情变得有趣的地方。来自Intotheblock的链上数据显示，大型交易（超过100,000美元）。这通常标志着价格周期中的峰值或底部。但是，随着销售压力的增加，看起来大男孩 - 鲸鱼 - 可能正在兑现。这种增加的鲸鱼活动加强了PEPE可能正在深入纠正的想法。但这是踢脚：最新的数据显示鲸鱼的Netflows升高了54％，表明积累。令人困惑，对吧？

Fear in the Derivatives Market

衍生品市场的恐惧

The derivatives market isn't exactly singing a happy tune either. PEPE's open interest fell by 5.70%, landing at $483.09 million. And on June 17, long positions got liquidated to the tune of $2.28 million, way more than the $486,000 in short positions. The long-to-short ratio is down, too, solidifying the bearish sentiment. Traders seem to be bracing for a significant price correction. It's like everyone's whispering, "Sell, sell, sell!"

衍生品市场也不是在演唱快乐的音乐。佩佩的开放利息下降了5.70％，降落为4.830亿美元。在6月17日，长期以来的职位被清算至228万美元，其价格比短期486,000美元的价格还要多。长期的比例也降低了，巩固了看跌的情绪。交易者似乎正在为重大的价格纠正做好准备。就像每个人都在窃窃私语，“出售，出售，出售！”

A Bullish Reversal on the Horizon?

地平线上看涨的逆转？

But hold up. Not everyone's running for the hills. Despite the losses, on-chain signals suggest PEPE might be setting up for a bullish comeback in Q3. Whale activity surged as the price held steady around $0.000011, following a 30% drop from its May 23 peak. Whales accumulated an additional 44 billion PEPE tokens in 24 hours, showing confidence in PEPE's value. And get this: whales on platforms like HyperLiquid DEX have reportedly opened over $3 million in long positions on PEPE coin, betting that the token will rise. Now that's some serious faith.

但是坚持。并非每个人都在跑山。尽管造成了损失，但链上的信号表明，佩佩可能正在为第三季度的看涨卷土重来。鲸鱼活动飙升，因为价格在5月23日峰值下降了30％之后，价格稳定在0.000011美元左右。鲸鱼在24小时内增加了440亿个Pepe令牌，表明对Pepe的价值充满信心。并得到这个：据报道，诸如Hyperliquid Dex之类的平台上的鲸鱼在Pepe硬币上的长位置超过300万美元，押注令牌将上升。现在这是一个严肃的信念。

My Two Cents

我的两分钱

Alright, so what's the deal? Is PEPE doomed, or is it about to skyrocket? Honestly, it's a mixed bag. The recent price drop and increased whale selling are definitely cause for concern. But the surge in whale activity and bullish sentiment in the derivatives market suggest that some big players see potential in PEPE. The support zone has held firm, triggering a 4% daily bounce, reinforcing the possibility of a bullish reversal.

好吧，那怎么办？ Pepe注定要失败，还是即将飙升？老实说，这是一个混合的袋子。最近的价格下跌和鲸鱼销售的增加绝对引起了人们的关注。但是，在衍生品市场中鲸鱼活动和看涨情绪的激增表明，一些大型参与者在佩佩中看到了潜力。支撑区保持坚定，每天弹跳4％，增强了看涨逆转的可能性。

If you ask me, PEPE is a high-risk, high-reward play. It's a meme coin, after all. But that being said, if whale flows keep rising and key technical levels hold firm, PEPE could be building momentum for a comeback. If the bullish sentiment persists, a push toward a new all-time high might not be out of reach. Keep an eye on volume spikes and breakout candles – they'll be your best friends in this wild ride.

如果您问我，Pepe是一部高风险，高级的游戏。毕竟，这是一个模因硬币。但是，话虽如此，如果鲸鱼的流量不断上升，那么关键的技术水平坚定，Pepe可能会为复出而建立动力。如果看涨的情绪持续存在，那么朝着新的历史最高水平的推动可能不会遥不可及。请密切关注音量尖峰和突破蜡烛 - 他们将成为您在这次狂野旅程中最好的朋友。

The Bottom Line

底线

So, there you have it. PEPE's been on a rollercoaster, but it's not over yet. Whether you're a seasoned crypto trader or just dipping your toes in the water, keep an eye on PEPE. It might just surprise you. And remember, in the world of meme coins, anything is possible. Now, if you'll excuse me, I'm going to go check my portfolio... again.

所以，你有。佩佩一直在过山车上，但还没有结束。无论您是经验丰富的加密货币商人，还是只是将脚趾浸入水中，都要注意Pepe。这可能会让您感到惊讶。请记住，在模因硬币的世界中，一切皆有可能。现在，如果您能原谅我，我将再次检查我的投资组合。