A major Pepe Coin whale has just sold a staggering 500 billion PEPE tokens, signaling a potential selloff in meme coins like DOGE, WIF, and FLOKI[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coinpedia.org/news/whale-move-500-bln-pepe-tokens-still-holds-1-5-trillion-tokens-is-more-selloff-coming/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1"). This move comes as on-chain data warns of a broader trend in the meme coin market.
### Key Points:
- Whale Activity: The whale transferred 500 billion PEPE tokens to Coinbase, likely to cash in on recent gains[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coinpedia.org/news/whale-move-500-bln-pepe-tokens-still-holds-1-5-trillion-tokens-is-more-selloff-coming/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
- Market Impact: This significant selloff could trigger a domino effect, impacting other popular meme coins[43dcd9a7-70db-4a1f-b0ae-981daa162054](https://coinpedia.org/news/whale-move-500-bln-pepe-tokens-still-holds-1-5-trillion-tokens-is-more-selloff-coming/?citationMarker=43dcd9a7-70db-4a1f-b0ae-981daa162054 "1").
- Investor Caution: With the market showing signs of volatility, investors are advised to stay cautious and monitor their holdings closely.
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