Pepe PEPE/USD topped the meme coin charts on Monday, outperforming the smaller gains in Dogecoin DOGE/USD and Shiba Inu SHIB/USD.

佩佩·佩佩（Pepe Pepe）/USD在周一的模因硬幣圖表中超越了模因硬幣圖，表現優於Dogecoin Doge/USD和Shiba Inu Shib/USD的較小收益。

What Happened: The frog-themed cryptocurrency rose over 4% in the last 24 hours, partially recovering from weekend losses. The coin’s trading volume also shot up by 37% to $650.96 million, making it the second-most traded meme coin on the day.

發生了什麼：以青蛙為主題的加密貨幣在過去24小時內增長了4％以上，部分從周末的損失中恢復過來。硬幣的交易量也增加了37％，達到65096萬美元，使其成為當天第二交易的模因硬幣。

In comparison, DOGE and SHIB experienced smaller gains of 1.16% and 1.42%, respectively.

相比之下，Doge和Shib的收益分別為1.16％和1.42％。

Meanwhile, PEPE's Open Interest, or the total money locked in its derivatives market, decreased by nearly 3% in the last 24 hours, as per Coinglass.

同時，佩佩（Pepe）的開放興趣或鎖定在其衍生品市場中的總資金在過去24小時內減少了近3％，根據套金。

Why It Matters: When OI declines while the spot price rises, it might indicate that short sellers are covering their positions, which in turn pushes the price up. As money is flowing out of the market and the price increase is not driven by buying interest, traders usually view this scenario as a bearish sign.

這是為什麼重要的：當OI降低時，當現貨價格上漲時，可能表明賣空者正在覆蓋其頭寸，這反過來又將價格提高了。隨著資金流出市場，價格上漲並不是購買利息的推動，交易者通常將這種情況視為看跌跡象。

It’s worth mentioning that OI reached its nearly two-month highs last week but has since decreased by over 25%.

值得一提的是，上週OI達到了近兩個月的高點，但此後已下降了25％以上。

Conversely, the percentage of traders placing long bets on the meme coin rose to 52% in the last 24 hours, suggesting that the rally might continue.

相反，在過去24小時內將長期押注的交易者百分比上升到52％，這表明集會可能會繼續。

The latest rally also prompted diamond hands to add to their positions. According to IntoTheBlock, the balance held by long-term PEPE holders increased by 0.03% in the last 24 hours, highlighting their belief in the coin's potential for growth.

最新的集會還促使鑽石手增加了他們的位置。根據Intotheblock的說法，在過去的24小時內，長期Pepe持有人的平衡增長了0.03％，強調了他們對硬幣增長潛力的信念。

Price Action: At the time of writing, PEPE was trading at $0.000007374, up 4.45% over the last 24 hours, according to Benzinga Pro.

價格行動：根據Benzinga Pro的數據，在寫作時，Pepe的交易價格為0.000007374美元，在過去24小時內增長了4.45％。

However, year-to-date, the cryptocurrency has seen a decline of 63%.

但是，從年初到期，加密貨幣的下降量下降了63％。