#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, becoming the top gainer among the top 100 cryptocurrencies. According to CoinGlass data, the amount of open positions in PEPE has surged by 28.6%, reaching 120.8 million US dollars. This growth 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, the peak of PEPE's social dominance corresponds to its local price tops, indicating a correlation between the two.

However, the cryptocurrency market has a high degree of uncertainty and volatility, and price pumps or dumps are influenced by various factors, including market trends, investor sentiment, technological development, etc. Investing carries risks, so be sure to manage your funds well!

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