#PEPE能否引领本轮meme牛市？ PEPE is a meme coin with a frog theme launched in April 2023. Recently, its price has risen rapidly, making it the top gainer among the top 100 cryptocurrencies. According to CoinGlass data, the open position contract amount has surged by 28.6%, reaching 120.8 million US dollars. This growth in numbers indicates traders' optimistic expectations for PEPE's future. The higher the social dominance of an asset in conversations on social media platforms, the higher its correlation and demand. According to Santiment data, PEPE's social dominance peak corresponds to its local price top, suggesting a correlation between the two.

However, the cryptocurrency market is highly uncertain and volatile, and price fluctuations are influenced by various factors, including market trends, investor sentiment, technological developments, etc. Investing involves risks, so be sure to manage your funds properly!

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