PEPE token price rose on Thursday, continuing to recover from previous setbacks as speculators clocked up huge trading volumes on the meme coin.

Pepe代币的价格在周四上涨，随着投机者在模因硬币上的巨大交易量，继续从以前的挫折中恢复过来。

Here's what's moving in the market.

这是市场上的发展。

What Happened: PEPE surged by 16% today, closing a Cup & Handle chart pattern that enabled it to recuperate and improve on previous setbacks. Speculators rushed in, pushing spot trading volume to nearly $4 billion. That outpaced Dogecoin's $2.84 billion by about $1.10 billion. Among top trading coins, $Pepe ranked No.5 in terms of trading Volume. marked 3.9B today. We are back. — M Barbara (@Barbara_KVH) May 9, 2025Among top trading coins, $Pepe ranked No.5 in terms of trading Volume. marked 3.9B today. We are back.

发生的事情：Pepe今天飙升了16％，关闭了杯子和手柄图表，使其能够恢复并改善以前的挫折。投机者冲进去，将现货交易量提高到近40亿美元。这超过了Dogecoin的28.4亿美元，大约超过了111亿美元。在顶级交易硬币中，$ PEPE在交易量方面排名第五。今天标记为3.9b。我们回来了。 - M Barbara（@Barbara_KVH）5月9日，2025年6月9日，顶级交易硬币，$ PEPE在交易量方面排名第5。今天标记为3.9b。我们回来了。

According to data, PEPE's smart-contract trades reached $5.74 billion in derivatives today. That is up 280% from yesterday. Dogecoin continues to dominate futures with $6.60 billion volume and a solid Open Interest funding rate—the highest since February 2025. DOGE shorts lost $14 million in liquidations, which is about $3 million less than losses for PEPE shorts.

根据数据，Pepe的智能合同交易今天的衍生品达到了57.4亿美元。比昨天增长了280％。 Dogecoin继续以6600亿美元的数量和可靠的开放利息融资率在期货中占据主导地位，这是2025年2月以来最高的。Doge短裤损失了1400万美元的清算，这比Pepe短裤的损失少300万美元。

Related Link: How To Buy Pepe (PEPE) Tokens

相关链接：如何购买Pepe（Pepe）令牌

On-chain analysis from LookOnChain reveals that a single large wallet, known for previous transactions, has again added 500 billion PEPE tokens to its holdings. At today's prices, this batch of tokens is valued at $4.36 million.

Lookonchain的链分析表明，以前交易已知的一个大钱包再次增加了5000亿PEPE令牌。以今天的价格，这批代币的价值为436万美元。

This whale just bought 500B $PEPE($4.36M) again and currently holds 2T $PEPE($17.42M).

这鲸刚刚购买了500b $ pepe（436万美元），目前持有2t $ pepe（1,742万美元）。

Now, this whale owns 1.5 trillion tokens, which accrues to approximately $18.6 million at today's rate of $0.0000123. Such transactions can drive prices higher but can also spark sudden sell-offs.

现在，该鲸鱼拥有1.5万亿个令牌，以今天的0.0000123的价格收获约1,860万美元。这样的交易可以推动价格上涨，但也会引发突然抛售。

On-Chain Indicators Send Mixed Signals

链上指标发送混合信号

Latest data indicates Chaikin Money Flow on the PEPE/USDT pair went positive on May 6, 2025. That suggests cash is flowing back into the coin as geopolitical tensions subside. However, network growth indicators remain down. Fewer new wallets are entering the PEPE party. In other words, the rally might be more fueled by large traders swapping bags rather than new users piling in.

最新数据表明，Pepe/USDT对上的Chaikin货币流在2025年5月6日呈阳性。这表明现金正在流回硬币，而随着地缘政治紧张局势的消退。但是，网络增长指标仍然降低。进入Pepe派对的新钱包更少。换句话说，大型交易者交换袋子，而不是新用户堆积的大型交易者可能会更加激发集会。

The overall supply of PEPE is around 420 trillion tokens, which is a massive amount. Even a fraction of that selling off could swamp exchanges. Coins with tighter supplies don't require as much buzz to maintain their price. PEPE has risen by over 112% this month, but big supplies mean big gains can turn just as quickly.

PEPE的总体供应约为420万亿代币，这是一个大量的代币。即使是卖出的一小部分也可能淹没交流。耗材更紧密的硬币不需要太多的嗡嗡声即可保持其价格。 Pepe本月增长了112％以上，但大型供应意味着很大的收益可以迅速转变。

Bitcoin Boost Fuels Retail Interest

比特币增强燃料零售利息

Meanwhile, Bitcoin surged over $104,000 today. That level tends to attract more retail traders into the market. If retail is confident, they go after smaller coins afterward. That might drive PEPE higher if traders believe that the meme rally has legs to it. But it also increases the risk of a sharp pullback if Bitcoin loses steam.

同时，今天的比特币飙升了104,000美元。该水平倾向于吸引更多的零售商人进入市场。如果零售有信心，他们之后就追随较小的硬币。如果交易者认为模因集会有腿，那可能会使Pepe更高。但是，如果比特币失去蒸汽，这也会增加急剧下回调的风险。

What Investors Should Watch

投资者应该观看什么

Price action on meme coins can fluctuate wildly. Large volumes and whale purchases fuel headlines but do not always mean sustained growth. Look for changes in open interest, new wallet activity, and any adjustments in Bitcoin's price. If PEPE stays above that Cup & Handle breakout point, it might hang around. If not, today's surge might be all the pleasant news we get.

对模因硬币的价格动作可能会大大波动。大量和鲸鱼购买燃料头条新闻，但并不总是意味着持续增长。寻找开放兴趣，新钱包活动以及比特币价格的任何调整的变化。如果Pepe停留在杯子和手柄突破点上方，则可能会徘徊。如果没有，今天的激增可能就是我们得到的所有令人愉快的消息。

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查看更多有用的内容：

This article was written by Benzinga and adapted by Benzinga's Real Money Topics to highlight the investment opportunities presented in Sean Brodner's "The Brodner Report" newsletter. Sean's insights are focused on identifying small-cap and mid-cap stocks poised for significant growth. For a limited time, readers can claim a special offer to subscribe to the newsletter and receive valuable investment recommendations.

这篇文章是由Benzinga撰写的，并由Benzinga的真实资金主题改编，以强调肖恩·布罗德纳（Sean Brodner）的《布罗德纳报告》（The Brodner Report）中提出的投资机会。肖恩（Sean）的见解专注于确定有资金增长的小型股和中股股票。在有限的时间内，读者可以要求订阅新闻通讯并收到宝贵的投资建议。