📢📢Whale Alert. 330 Billion $PEPE Dump – Is a Major Sell-Off Coming?📢📢

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A major move in the $PEPE market has just occurred, as a large whale deposited an astonishing 330 billion $PEPE tokens—worth about $2.53 million—into Kraken in the past 24 hours. Such a move often signals an impending sell-off. Despite this massive transfer, the whale might be incurring a loss of over $3 million on the transaction.

Why the sale now? After previously profiting, the whale is now offloading a substantial portion of their holdings, which are currently in the red. However, with 1 trillion $PEPE still in their wallet, worth more than $7 million, the whale may be waiting for a market recovery or a price surge.

Supporting the bearish outlook, on-chain data shows that exchange inflows are significantly outpacing outflows. According to Santiment, inflows have reached over 76 billion $PEPE tokens, while outflows are only 23 billion. This suggests increased selling pressure, particularly from large holders.

The overall market remains bearish despite a slight 1.57% gain recently. The Relative Strength Index (RSI) is around 40, indicating weak momentum. $PEPE closed at $0.00000773, down slightly by 0.3%.

Will this lead to a major sell-off, or is there a larger strategy at play? Stay tuned and keep an eye on the charts—things are heating up!

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