模因硬幣領域的早期投資者做得非常重要。他們通過地址Qianbaidu.eth進行了，並在Pepe代幣中又投資了200萬美元，其中188億美元

最新的買入需要在Pepe的情況下進行一些了解。現在，一切都不順利。

An early investor in the meme coin space has done something quite significant. They go by the address qianbaidu.eth and have invested another $2 million in PEPE tokens—188.8 billion of them, to be exact.

模因硬幣領域的早期投資者做得非常重要。他們通過地址Qianbaidu.eth進行了地址，並已在Pepe代幣中又投資了200萬美元，其中有1888億美元。

This latest buy requires a little bit of understanding in the context of how things are going for PEPE. Right now, it isn’t going well at all.

最新的買入需要在Pepe的情況下進行一些了解。現在，一切都不順利。

Early Investor Returns for Round Two

早期投資者獲得第二輪的回報

The qianbaidu.eth wallet, which has been embroiled in the goings-on of the PEPE token since the very beginning, is also associated with something else entirely: strategic market maneuvers. Just four days after the launch of the PEPE token, the wallet owner took their first steps into the meme coin space, but this was no half-hearted attempt; instead, it was a plunge of some substance into the dollar value of the asset in question. At that time, the investor capitalized on the early volatility, making a whopping $1.484 million through a series of well-timed scalps.

從一開始就捲入了Pepe代幣的行動中的Qianbaidu.eth錢包，它也完全與其他事情相關聯：戰略市場操縱。 Pepe代幣推出僅四天后，錢包老闆邁出了第一步，進入了模因硬幣空間，但這並不是一心一意的嘗試。取而代之的是，這是某種物質的涉及資產的美元價值。當時，投資者利用了早期波動，通過一系列恰當的頭皮賺了14.84億美元。

Since then, PEPE has seen some pretty intense price swings. The token took a sharp downturn recently—that’s obvious. But that doesn’t seem to have fazed this investor. In fact, the opposite seems true: the recent dip in price has presented an opportunity for this early PEPE adopter to make another major purchase, acquiring 188.8 billion PEPE tokens. If I didn’t know better, I’d think that the investor was betting long on the token and hoping that the downturn was over, or at least that the current price level was a good time to step in and make a buy.

從那以後，佩佩（Pepe）看到了一些非常激烈的價格波動。代幣最近進行了急劇下滑 - 顯而易見。但這似乎並沒有使這位投資者感到困惑。實際上，情況恰恰相反：最近的價格下跌為這位早期的Pepe採用者提供了一次重大購買的機會，並獲得了1888億PEPE代幣。如果我不知道的話，我會認為投資者在代幣上押注了很長時間，並希望經濟衰退結束，或者至少是當前的價格水平是介入並進行買入的好時機。

A Strategy of Accumulation and Timing

積累和時機的策略

The most recent acquisition represents a clear moment for qianbaidu.eth of dissolving what now appears to be a failed strategy of raking in PEPE tokens during times of price corrections. The meme coin market is infamous for its price swings, and PEPE has not been insulated from that experience. Its journey to a breakout performance was meteoric. But as with many coins that have the “meme” tag, it’s been vulnerable to sharp declines after the initial hullabaloo.

最新的收購代表了Qianbaidu.eth的清晰時刻。 Meme硬幣市場的價格波動是臭名昭著的，Pepe並未與這種經驗隔絕。它的突破性表演的旅程是氣象。但是，就像許多具有“模因”標籤的硬幣一樣，在最初的hullabaloo之後，它很容易受到急劇下降的影響。

Even with the current dip, the choice to sink so much money into PEPE right now says a lot about how confident this investor is in the coin’s future. Sure, the meme coin market is largely a speculative one, ruled by the kinds of factors—social media dynamics, community narratives, etc.—that can make prices swing wildly in either direction. But even so, qianbaidu.eth’s decision to put around $1.2 million in PEPE is a pretty bullish sign.

即使目前的下降，現在選擇這麼多錢進入Pepe的選擇也充分說明了這一投資者對硬幣未來的信心。當然，模因硬幣市場在很大程度上是一個投機性的市場，由各種因素（社會媒體動態，社區敘事等）所統治，可以使價格朝任何方向狂奔。但是，即便如此，Qianbaidu.eth決定將約120萬美元的Pepe投入佩佩還是一個非常看漲的信號。

The Meme Coin Market: A Volatile Space

模因硬幣市場：波動的空間

PEPE has sharply decreased in price, but its fall is not a standalone one; it is happening alongside the broader meme coin market. By this nature, meme coins are just volatile. Their price is not really based on any fundamentals, and it goes up and down with whatever the community is interested in at the moment, whether that’s the price of Bitcoin, which tends to drag up the price of everything, or tweets from this or that celebrity. But still, meme coins can be very profitable for people who get in early and who know how to sell at the right time.

佩佩的價格急劇下降，但其下跌並不是獨立的。它正在與更廣泛的模因硬幣市場一起發生。從這種性質上講，模因硬幣只是波動的。他們的價格並不是真正基於任何基本面，並且與當前社區感興趣的任何東西一樣上下，無論是比特幣的價格，它傾向於拖累一切價格，還是從這個名人或那個名人中提出的推文。但是，對於那些早點進入並且知道如何在正確的時間出售的人來說，模因硬幣仍然非常有利可圖。

The current market conditions make an even clearer statement about the purchase made by qianbaidu.eth. This purchase signals that the investor is long on the prospects of PEPE. Despite the fact that the price has suffered as of late, making many in the crypto community question the choice of acquiring the asset, the decision to invest shows that confidence is still present in its future growth. Of all the recent purchases in the meme coin universe, this one is among the most interesting given its apparent size and the market’s current state.

當前的市場條件對Qianbaidu.eth的購買更加清晰。這次購買信號表明投資者長期以來一直是Pepe的前景。儘管價格最近遭受了損失，這使得加密社區中的許多人都質疑獲得資產的選擇，但投資的決定表明，信心仍然存在於未來的增長中。在Meme Coin Universe的所有最近購買中，這是最有趣的大小和市場當前狀態之一。

What’s Next for PEPE?

佩佩的下一步是什麼？

The question is whether or not PEPE will be able to bounce back from its recent price slump. The meme coin market is notoriously unpredictable, and PEPE’s future largely depends on the continued support of its community and its maintaining a spot in the oversaturated meme coin market. Everyone (and by everyone, I mean investors) is watching PEPE’s price action like hawks for any sign that it might rebound or, conversely, that it might keep going down.

問題是Pepe是否能夠從最近的價格低落中反彈。眾所周知，模因硬幣市場是不可預測的，Pepe的未來在很大程度上取決於其社區的持續支持及其在模因硬幣市場過度飽和的模因市場中的一席之地。每個人（每個人，我的意思是投資者）都在觀看Pepe的價格動作，例如Hawks，因為它可能會反彈，或者相反，它可能會繼續下降。

Currently, the decision made by qianbaidu.eth is a brave wager on the future of PEPE. It might not really be a meme but rather a sign that even perceived as a gamification of what really is investing, this coin alongside others in its category has real-world effects, or at least is supposed to have them.

目前，Qianbaidu.eth做出的決定是Pepe未來的勇敢賭注。它可能不是一個模因，而是一個模因，即使被視為真正投資的遊戲化，與其他類別中的其他硬幣具有現實世界的效果，或者至少應該擁有它們。