尽管突然下降，但链上的数据表明，大多数长期持有人都持有

根据Coingape的说法，尽管突然下降了Pepe硬币的价格，链上的数据表明，大多数长期持有人都持有

The price of Pepe coin (PEPE) dropped sharply on Saturday as the memecoin market continues to struggle.

随着Memecoin市场继续挣扎，Pepe Coin（PEPE）的价格在周六急剧下降。

On-chain data, however, shows that the majority of long-term holders are holding on, with over 114,000 wallet addresses still in the red.

但是，链上的数据表明，大多数长期持有人都持有，还有114,000多个钱包地址仍处于红色中。

The price of PEPE fell by 7.2% in the past 24 hours, registering the worst performance among the top 40 crypto assets on Saturday.

在过去的24小时内，PEPE的价格下跌了7.2％，在周六的前40名加密货币资产中表现出色。

The sell-off came after a U.S. presidential dinner sparked sudden protests and volatility in the crypto market.

在美国总统晚宴引发了加密货币市场的突然抗议和波动之后，抛售发生了。

The price of the Official Trump token dropped by 4.3% following the event, and the sell-off spread to other major tokens.

事件发生后，特朗普官方代币的价格下跌了4.3％，而售罄则传播给其他主要令牌。

PEPE was also dragged along, registering sharp declines of 7.2% against BTC and 6.7% against ETH.

佩佩（Pepe）也被拖入，对BTC的急剧下降为7.2％，而对ETH的急剧下降为6.7％。

This suggests that the price drops were not part of profit-taking in the crypto market in general, but rather a direct response to the increased political risk perceived by token investors.

这表明，总体而言，价格下跌并不是加密市场中获利的一部分，而是对代币投资者所感知的政治风险增加的直接反应。

As of May 24, 2025, the price of PEPE is trading in the range of $0.00001379, with a daily price range between $0.00001371 to $0.00001517.

截至2025年5月24日，PEPE的价格在0.00001379美元范围内，每日价格范围在0.00001371美元至0.00001517美元之间。

Why has the price of Pepe Coin fallen?

为什么Pepe硬币的价格下跌？

According to data from CoinGecko, PEPE has actually still recorded gains of 10.5% in the past 7 days, 7.1% in 14 days, and an impressive surge of 59% in the past month.

根据Coingecko的数据，Pepe实际上在过去7天中仍然记录了10.5％的增长，在14天内7.1％，在过去一个月中的增长幅度为59％。

This means that the sell-off in the last 24 hours was most likely triggered by a new market catalyst.

这意味着在过去24小时内的抛售很可能是由新的市场催化剂触发的。

The timing coincides with the fallout from Donald Trump’s dinner on Friday, which sparked a new debate over the legality and ethics of crypto projects affiliated with political figures.

时间安排与周五唐纳德·特朗普（Donald Trump）的晚宴的后果相吻合，这引发了关于与政治人物相关的加密项目合法性和道德规范的新辩论。

It was reported that U.S. lawmakers rejected the Genius Act bill, a bill aimed at regulating USD-backed stablecoins. This rejection was triggered by Trump’s alleged direct financial interest in the crypto sector, following the launch of a USD1 stablecoin by the Trump-backed WLFI project.

据报道，美国立法者拒绝了《天才法案》，该法案旨在规范以美元支持的稳定签署。在特朗普支持的WLFI项目推出了USD1 Stablecoin之后，特朗普据称在加密货币部门的直接财务利益引发了这一拒绝。

The controversy comes shortly after Argentina’s President Javier Milei was criticized for his involvement with the Solana-based Libraecoin, which even sparked impeachment threats earlier this year.

争议发生在阿根廷总统贾维尔·米利（Javier Milei）因参与总部位于索拉纳的Libraecoin的批评之后，这甚至引发了今年早些时候的弹each威胁。

A market capitalization loss of $620 million in just one day suggests that this negative context likely led large holders to choose to reduce risk from top-tier memecoins like PEPE in the past 24 hours.

在短短一天内，市值亏损6.2亿美元表明，这种负面的环境可能导致大型持有人选择从过去24小时内从PEPE等顶级成员中降低风险。

114,000 Address Pepe Coin Still Keeps in Loss Position, a Sign of Investor Resilience

114,000个地址PEPE硬币仍然处于损失位置，这是投资者韧性的标志

Despite the sharp 7.2% drop in PEPE price, on-chain data shows that most PEPE holders remain reluctant to sell their assets.

尽管Pepe价格下降了7.2％，但链上的数据表明，大多数Pepe持有人仍然不愿出售其资产。

According to IntoTheBlock’s Global In/Out of the Money indicator, 113,590 addresses—about 25.71% of all current holders—are underwater.

根据Intotheblock的全球收入/货币指标，有113,590个地址（约占当前所有持有人的25.71％）处于水下。

This means that more than a quarter of the PEPE community still chooses to hold their coins despite the unrealized losses.

这意味着，尽管未实现损失，但超过四分之一的PEPE社区仍然选择持有硬币。

Historically, when a large number of investors are reluctant to exit during a sharp market decline, this is often considered a positive signal by strategic traders, for two main reasons:

从历史上看，当大量投资者在市场下降期间不愿退出时，战略交易者通常认为这是一个积极的信号，这是两个主要原因：

Firstly, it shows that a large group of active investors see PEPE not as a short-term speculative token, but as a long-term asset. Secondly, it reflects the widespread confidence of holders in the early recovery potential of PEPE prices.

首先，它表明，一大批活跃的投资者将PEPE视为短期投机令牌，而是长期资产。其次，它反映了持有人对PEPE价格早期恢复潜力的普遍信心。

More importantly, with the price of PEPE currently trading near the weekly support level of $0.0012, and the majority of holders still recording weekly gains of 7%, the likelihood of a capitulation is low.

更重要的是，随着PEPE的价格目前在每周的支持水平接近0.0012美元的价格，而大多数持有人仍记录每周7％的收益，投降的可能性很低。

If the selling pressure triggered by the Trump dinner controversy subsides, these two key factors could encourage an influx of new investors looking to buy PEPE at low prices.

如果特朗普晚餐争议引起的销售压力消退，这两个关键因素可能会鼓励希望以低价购买PEPE的新投资者涌入。

Pepe Coin Price Prediction: Elliott Wave Pattern Suggests Recovery Toward $0.000016 As Resilient Holders Hold On

Pepe硬币价格预测：Elliott Wave模式建议恢复到$ 0.000016，因为弹性持有人持有

The current price movement of PEPE shows the potential for a fifth wave (Wave 5) breakout rally towards $0.00001632, which could even continue to $0.00001845, based on the Elliott Wave structure formed on the daily chart.

PEPE的当前价格移动显示了基于每日图表上形成的Elliott Wave结构的第五波（第5波）突破集会的潜力，甚至可能会继续持续到0.00001845美元。

Wave (Wave 4) was previously seen forming a bottom above an important support level around $0.000010, and the price is now thought to have entered the initial phase of Wave (Wave 5) formation.

先前看到波浪（波4）在$ 0.000010左右的重要支撑级高以上形成底部，现在认为价格已经进入了波（Wave 5）形成的初始阶段。

With prices now stabilizing around $0.0001395, the market is showing a pattern of moving within a low volatility zone — a condition that is often the start of a bullish impulse.

由于价格现在稳定在0.0001395美元左右，市场正在显示在低波动区域内移动的模式，这种情况通常是看涨冲动的开始。