PEPE Whale Dumps 175 Billion Tokens Amid Market Volatility

A top PEPE whale, Nascent, recently sold 175 billion PEPE worth $1.5 million, triggering speculation about market movements. Despite the dump, trading volume surged 4.8%, indicating renewed investor interest.

Massive PEPE Dump as Whale Sells 175 Billion Tokens

The meme coin market has witnessed another major shake-up, with on-chain data revealing that a significant PEPE investor, known as Nascent, has sold 175 billion PEPE tokens valued at approximately $1.5 million. This transaction took place as PEPE’s price struggled to maintain stability after losing a zero in its valuation.

According to Lookonchain, Nascent has been actively trading PEPE since mid-2024, consistently buying and selling large quantities of the token. Between June 6 and July 15, 2024, the investor acquired 608.85 billion PEPE worth $7.73 million. However, their recent move suggests a shift in strategy.

Whale Activity Signals Market Volatility

Nascent’s selling spree began on November 13, 2024, during PEPE’s price surge. However, the investor miscalculated the peak selling window, earning only a $348,000 profit from the dump. This highlights the challenge of timing exits in highly volatile meme coin markets.

Despite this, analysts suggest that such whale sell-offs might not be entirely bearish for PEPE. Large investors frequently re-enter the market, meaning future buybacks could trigger renewed price momentum.

In a related development, another whale withdrew 375.35 billion PEPE ($3.73 million) from Binance. This is part of a broader trend where institutional players and high-net-worth traders have been accumulating meme coins like PEPE and WIF, potentially setting the stage for a price reversal.

PEPE’s Market Outlook and Trading Performance

Following Nascent’s sell-off, PEPE’s price dropped 4.47% in the last 24 hours, currently trading at $0.000009155. However, daily trading volume increased by 4.8% to $911.28 million, reflecting renewed investor interest despite short-term price declines.

Market analysts suggest that PEPE’s resilience in trading volume could indicate an upcoming bullish reversal. The coin continues to expand its global presence, securing a new listing on the Japanese crypto exchange BitFlyer in January, further strengthening its legitimacy and market penetration.

If PEPE maintains its current trading volume and attracts fresh buying pressure, it could soon reclaim lost ground and test new price highs in the coming months.

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