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在周一的模因硬币图表中超越了模因硬币图，表现优于Dogecoin Doge/USD和Shiba Inu Shib/USD的较小收益。

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.

发生了什么：以青蛙为主题的加密货币在过去24小时内增长了4％以上，部分从周末的损失中恢复过来。硬币的交易量也增加了37％，达到65096万美元，使其成为当天第二交易的模因硬币。

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

相比之下，Doge和Shib的收益分别为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.

同时，佩佩（Pepe）的开放兴趣或锁定在其衍生品市场中的总资金在过去24小时内减少了近3％，根据套金。

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.

这是为什么重要的：当OI降低时，当现货价格上涨时，可能表明卖空者正在覆盖其头寸，这反过来又将价格提高了。随着资金流出市场，价格上涨并不是购买利息的推动，交易者通常将这种情况视为看跌迹象。

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，上周OI达到了近两个月的高点，但此后已下降了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，在过去24小时内将长期押注的交易者百分比上升到52％，这表明集会可能会继续。

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.

最新的集会还促使钻石手增加了他们的位置。根据Intotheblock的说法，在过去的24小时内，长期Pepe持有人的平衡增长了0.03％，强调了他们对硬币增长潜力的信念。

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.

价格行动：根据Benzinga Pro的数据，在写作时，Pepe的交易价格为0.000007374美元，在过去24小时内增长了4.45％。

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

但是，从年初到期，加密货币的下降量下降了63％。