A major digital asset whale has sold all of its PEPE, FLOKI, and WLD shares, totaling around $3.2 million. The move has raised concerns about its impact on the cryptocurrency market, especially given the recent trend following a major policy change by the Federal Reserve.

Details of the sell-off

- Total shares sold: $3.2 million
- Net profit: $200,000
- PEPE Profit: $110,000
- FLOKI Profit: $45,000
- Profit from WLD: $44,000

Market context

The sell-off came shortly after the Federal Reserve announced a 50 basis point interest rate cut on September 18. This was the first cut in four years, leading to increased optimism in the market. The total cryptocurrency market capitalization subsequently increased by 6% to $2.1 trillion as investors sought riskier assets.

The impact of large whale sell-offs

Large whale sell-offs often signal bearish sentiment, prompting smaller traders to adjust their positions, which can lead to downward pressure. There has been a recent pattern of significant sell-offs, including an Ethereum whale selling $38 million worth of ETH, adding to the negative market sentiment.

Asset Performance

In the last 24 hours:
- PEPE increased by 13%
- FLOKI increased by 10%
- WLD increased by 8%

Future prospects

While the market has responded positively to the Fed rate cut, recent profit-taking by whales could limit further gains. Increased volatility could occur as traders reassess their positions following these large trades.