Deutsch한국어日本語中文EspañolFrançaisՀայերենNederlandsРусскийItalianoPortuguêsTürkçePortfolio TrackerSwapCryptocurrenciesPricingIntegrationsNewsEarnBlogNFTWidgetsDeFi Portfolio TrackerOpen API24h ReportPress KitAPI Docs

PEPE WHALES STRIKE AGAIN: Will the Recent Sell-Off Impact the Market?

1d ago
bullish:

0

bearish:

0

Share

A PEPE Whale sold 196.1 billion PEPE tokens worth $1.3 million, sparking analysis of the market’s stability and future performance! The cryptocurrency market hosts a major wallet of Pepe (PEPE) tokens which has recently made significant movements during a notable transaction. Wallet address ‘0x373…’ belonging to a whale sold 196.1 billion PEPE tokens worth $1.3 million at an average value of $0.000006641 for each token. PEPE’s market stability along with its future performance is undergoing analysis due to this recent transaction.

PEPE Whales Make Waves: The $1.3 Million Sell-Off and Its Implications for the Market

After the transaction the sales revenue became 720.6 Wrapped Ethereum (WETH). The value of WETH that was generated from the first transaction was used to purchase 397192 PENDLE tokens at $3.08 each. The whale moved funds away from meme-based cryptocurrencies toward decentralized finance (DeFi) by purchasing PENDLE tokens which implies intentional investment adjustments linked to their market vision for PEPE.

Source: CoinGape

Among its entire portfolio the whale maintains 2.597 trillion PEPE tokens with a current value of $17.53 million. The last remaining PEPE tokens possess estimated unrealized gains of $28.41 million representing a 5.25-fold growth from the initial purchase. Retail investor participation in cryptocurrency markets can override initial price shocks caused by significant major holder divestments because retail buyers absorb the selling supply.

Pepe Analysis: Unlocking the Market for Coming Week with Technical Indicators

PEPE/USDT shows price resistance at 0.00000710 as its current value stands at 0.00000701 across this updated 5-minute time frame. The repetitive downward movements in price show bearish strength while the strong green support section at 0.00000690 forms a possible short-term double bottom.

Source: Trading View

The Pepe Today market shows a wide range of predictions for the expected PEPE price in 2025. The Relative Strength Index entered overbought territory but pulled back above thirty before stabilizing at forty-two point eighty-five which indicates selling intensity possibly reduced. A golden cross on the MACD happened earlier but this signal later created only a limited upswing before momentum decreased.The Pepe Analysis indicates that CoinCodex and Binance maintain conservative medium-term expectations.

The Future of PEPE Price: Will the Current Market Uncertainty Lead to a New Era of Growth?

The PEPE Whale maintains 2.597 trillion PEPE tokens with a current value of $17.53 million and estimated unrealized gains of $28.41 million. The PEPE Analysis reveals a possible intentional investment adjustment linked to the whale’s market vision for PEPE. The market trends for PEPE tokens demonstrate contradictory forces between bullish and bearish movements. Planned investment choices require close observation of market developments because of their potentially dangerous nature.The PEPE Price may experience a wide range of predictions for the expected price in 2025, with conservative medium-term expectations from CoinCodex and Binance.

The post PEPE WHALES STRIKE AGAIN: Will the Recent Sell-Off Impact the Market? appeared first on Coinfomania.

1d ago
bullish:

0

bearish:

0

Share
Manage all your crypto, NFT and DeFi from one place

Securely connect the portfolio you’re using to start.