According to ChainCatcher, blockchain data monitoring platform Lookonchain recently captured a striking market dynamic: a large investor sold 85 billion PEPE for 1.51 million USDC against the backdrop of a falling market, although the transaction resulted in a loss of $1.74 million. It is worth noting that the whale still holds 180.8 billion PEPE, with a market value of approximately $3.2 million. This move has aroused market attention to the future trend of PEPE and provided investors with a window to observe market sentiment and the movements of large investors. Through on-chain data analysis, we can better understand the complexity and volatility of the digital currency market.