{"id":385733,"date":"2025-03-30T01:57:30","date_gmt":"2025-03-29T20:27:30","guid":{"rendered":"https:\/\/dripp.zone\/news\/pepe-coin-whale-sells-150-billion-tokens-price-fall-ahead-crypto-news\/"},"modified":"2025-03-30T02:11:13","modified_gmt":"2025-03-29T20:41:13","slug":"pepe-coin-whale-sells-150-billion-tokens-price-fall-ahead-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/pepe-coin-whale-sells-150-billion-tokens-price-fall-ahead-crypto-news\/","title":{"rendered":"Pepe Coin Whale Sells 150 Billion Tokens, Price Fall Ahead? – Crypto News"},"content":{"rendered":"

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The negative sentiment in the digital currency ecosystem is finally reflected in the Pepe Coin market. According to Lookonchain\u2019s update, one of the memecoin\u2019s whales has initiated a massive selloff. This selloff has further compounded the bearish outlook of the token, further dampening the outlook around the memecoin.<\/span><\/p>\n

PEPE Whale Selloff, Key Implications<\/strong><\/h2>\n

Per the Lookonchain <\/span>update on X<\/span><\/a>, the PEPE OG sold 150,000,000,000 tokens worth over $1.14 million in early trading. The analytics platform noted that this OG entered the PEPE market earlier. The whale reportedly spent only $2,184 to buy 1.5 trillion PEPE, valued at over $43 million at the peak.<\/span><\/p>\n

This whale has sold off 1.02 trillion PEPE thus far for $6.66 million. Onchain records show he still has 493 billion PEPE of the original stash. This leftover is worth $3.64 million, representing a total profit of $10.3 million or 4,718x.<\/span><\/p>\n

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A $PEPE OG sold 150B $PEPE($1.14M) again 5 hours ago.<\/p>\n

This OG spent only $2,184 to buy 1.5T $PEPE<\/a>($43M at the peak) in the early stage.<\/p>\n

He sold 1.02T $PEPE<\/a> for $6.66M, leaving 493B $PEPE<\/a>($3.64M), with a total profit of $10.3M(4,718x).https:\/\/t.co\/tyzLr10sGj<\/a> pic.twitter.com\/FD6fFpyqCi<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) March 29, 2025<\/a><\/p>\n<\/blockquote>\n

Whales selling off an asset is typically not a vote of confidence for the digital currency. This selloff is not uncommon to memecoins, and for PEPE, this may further dampen the negative outlook of the token.<\/span><\/p>\n

PEPE Coin Price Outlook<\/strong><\/h2>\n

Earlier this week, CoinGape reported a <\/span>500 billion PEPE accumulation<\/span><\/a> by a whale, a move that many hoped could push the price up. However, the reverse is the case as Pepe Coin price is currently trading for $0.0000073, down 5.57% in past 24 hours.<\/span><\/p>\n

Despite the broader market downturn, PEPE has come off as one of the biggest losers overall. Per the current setup, the token moved from a 24-hour high of $0.00000787 to its current price. While the token has maintained a marginal growth of 0.54% in the past 7-days, it has registered a 62% drawdown Year-to-Date (YTD).<\/span>
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<\/span>It remains unknown how the current PEPE Coin outlook will play out. However, a halt in whale selloffs and a shift in the broader memecoin market fundamentals might fuel its recovery.<\/span><\/p>\n

Crypto Market and Memecoin Rebound<\/strong><\/h2>\n

The broader <\/span>crypto market is down today<\/span><\/a>, facing negative pressures from the economic uncertainty in the broader financial market.<\/span><\/p>\n

Bitcoin has continued to weigh the altcoins down, explaining the PEPE-correlated selloff. Assets in the memecoin market, like Dogecoin and Shiba Inu, have also been down 5.58% and 3.3% in the past 24 hours.<\/span><\/p>\n

With the weekend volatility, top assets might see more price drawdowns overall. Analysts are optimistic about BTC\u2019s future recovery, which can have a ripple effect on the broader market.<\/span><\/p>\n

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