模因硬币领域的早期投资者做得非常重要。他们通过地址Qianbaidu.eth进行了，并在Pepe代币中又投资了200万美元，其中188亿美元

最新的买入需要在Pepe的情况下进行一些了解。现在，一切都不顺利。

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.

模因硬币领域的早期投资者做得非常重要。他们通过地址Qianbaidu.eth进行了地址，并已在Pepe代币中又投资了200万美元，其中有1888亿美元。

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.

最新的买入需要在Pepe的情况下进行一些了解。现在，一切都不顺利。

Early Investor Returns for Round Two

早期投资者获得第二轮的回报

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.

从一开始就卷入了Pepe代币的行动中的Qianbaidu.eth钱包，它也完全与其他事情相关联：战略市场操纵。 Pepe代币推出仅四天后，钱包老板迈出了第一步，进入了模因硬币空间，但这并不是一心一意的尝试。取而代之的是，这是某种物质的涉及资产的美元价值。当时，投资者利用了早期波动，通过一系列恰当的头皮赚了14.84亿美元。

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.

从那以后，佩佩（Pepe）看到了一些非常激烈的价格波动。代币最近进行了急剧下滑 - 显而易见。但这似乎并没有使这位投资者感到困惑。实际上，情况恰恰相反：最近的价格下跌为这位早期的Pepe采用者提供了一次重大购买的机会，并获得了1888亿PEPE代币。如果我不知道的话，我会认为投资者在代币上押注了很长时间，并希望经济衰退结束，或者至少是当前的价格水平是介入并进行买入的好时机。

A Strategy of Accumulation and Timing

积累和时机的策略

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.

最新的收购代表了Qianbaidu.eth的清晰时刻。 Meme硬币市场的价格波动是臭名昭著的，Pepe并未与这种经验隔绝。它的突破性表演的旅程是气象。但是，就像许多具有“模因”标签的硬币一样，在最初的hullabaloo之后，它很容易受到急剧下降的影响。

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，现在选择这么多钱进入Pepe的选择也充分说明了这一投资者对硬币未来的信心。当然，模因硬币市场在很大程度上是一个投机性的市场，由各种因素（社会媒体动态，社区叙事等）所统治，可以使价格朝任何方向狂奔。但是，即便如此，Qianbaidu.eth决定将约120万美元的Pepe投入佩佩还是一个非常看涨的信号。

The Meme Coin Market: A Volatile Space

模因硬币市场：波动的空间

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.

佩佩的价格急剧下降，但其下跌并不是独立的。它正在与更广泛的模因硬币市场一起发生。从这种性质上讲，模因硬币只是波动的。他们的价格并不是真正基于任何基本面，并且与当前社区感兴趣的任何东西一样上下，无论是比特币的价格，它倾向于拖累一切价格，还是从这个名人或那个名人中提出的推文。但是，对于那些早点进入并且知道如何在正确的时间出售的人来说，模因硬币仍然非常有利可图。

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.

当前的市场条件对Qianbaidu.eth的购买更加清晰。这次购买信号表明投资者长期以来一直是Pepe的前景。尽管价格最近遭受了损失，这使得加密社区中的许多人都质疑获得资产的选择，但投资的决定表明，信心仍然存在于未来的增长中。在Meme Coin Universe的所有最近购买中，这是最有趣的大小和市场当前状态之一。

What’s Next for PEPE?

佩佩的下一步是什么？

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.

问题是Pepe是否能够从最近的价格低落中反弹。众所周知，模因硬币市场是不可预测的，Pepe的未来在很大程度上取决于其社区的持续支持及其在模因硬币市场过度饱和的模因市场中的一席之地。每个人（每个人，我的意思是投资者）都在观看Pepe的价格动作，例如Hawks，因为它可能会反弹，或者相反，它可能会继续下降。

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做出的决定是Pepe未来的勇敢赌注。它可能不是一个模因，而是一个模因，即使被视为真正投资的游戏化，与其他类别中的其他硬币具有现实世界的效果，或者至少应该拥有它们。