The post Pepe Coin Prices Tumble, Will Bearish Conditions Persist? appeared on BitcoinEthereumNews.com.

A prominent Pepe ($PEPE) coin investor made a substantial second sale of their holdings. The initial wallet bought 1.5 trillion $PEPE tokens during its early stage. The purchaser of 150 billion $PEPE tokens, valued at $1.14 million, sold this position recently as the token decline reached 7% from its previous day’s value. Whale Activity Underscores Profit Realization Phase The wallet trades showed 1.02 trillion $PEPE sales, leading to approximately $6.66 million in revenue. The account’s latest 150 billion token sale resulted in the complete sell-off of two-thirds of its original ownership. Although this investor holds 493 billion $PEPE worth $3.64 million today, they made $10.3 million from their investment. This has seen them double their initial capital. Snap | Source: Lookonchain on X The significant movement of early investments indicates that $PEPE coin is entering a market transition, which could see prices fall further. Holders choose to extract profit as they prepare for downward price trends. Pepe held a trading price of $0.00…1358 at the time of writing. On the other hand, the current market conditions have proven challenging for other leveraged traders. One example experienced substantial financial losses while attempting to capitalize on $PEPE price rises. The trader engaged in long-term trading of $PEPE through the Hyperliquid platform by entering a 10x leveraged position. Prices delated to the extent that the position incurred losses over $3.36 million. The trader prevented liquidation by adding $3.8 million USDC to the trading position before reducing selected holdings to control the situation. Both whale sell-offs and margin pressures have initiated a chain reaction that directly affects market sentiment and traders’ behavior in this market. Snap | Source: Lookonchain on X Pepe Coin Price Performance: 24-Hour Drop Mirrors Market Sentiment Pepecoin’s 4-hour charts reveal ongoing bearish market conditions. The meme coin made its highest…

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Filed under: News - @ March 30, 2025 9:01 pm