The post PEPE whale offloads 150B tokens: What this means for price appeared on BitcoinEthereumNews.com.

Over the past day, Pepe declined by 6.5% as bearish sentiments took hold. A Pepe whale has sold 150 billion tokens worth $1.14 million. Over the past day, Pepe [PEPE] has been the latest victim of the strengthening negative sentiments across the crypto markets. The current conditions have seen whales turn to selling. According to Lookonchain, a Pepe whale has made a massive deposit to exchange. As per the report, this whale has sold 150 billion Pepe tokens worth $1.14 million. The whale had spent only $2,184 to buy 1.5 trillion tokens at $43 million in the early stages. So far, the whale has sold 1.02 trillion tokens worth $6.6 million. Source: IntoTheBlock Besides these transactions, whales have sold over 2.95 trillion Pepe tokens over the past day, according to IntoTheBlock. Although this is a drop from 4 trillion, selling activity from large holders still remained significantly high. When whales turn to selling an asset, it shows a lack of market confidence, reflecting strong bearishness. This transaction may further dampen the memecoin’s negative perception. Impact on price charts As expected, such a strong sell-side activity has negatively impacted the memecoin’s price charts. In fact, as of this writing, Pepe was trading at $0.00000719. This marked a 6.5% decline on daily charts. Equally, the memecoin has dropped on weekly and monthly charts, dropping by 1.2% and 3.87% respectively. The continued dip has left long position holders at a loss. As such, a trader who went long on PEPE with 10x leverage is now down over $3.36M, according to Lookonchain. Will the memecoin see more losses? Source: Tradingview According to AMBCrypto’s analysis, Pepe experienced strong bearish sentiments as sellers dominated the market. This was evident by the RSI, which made a bearish crossover over the past day. A bearish crossover here suggests…

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Filed under: News - @ March 30, 2025 2:23 pm