Massive PEPE Sell-Off Raises Questions About Future Price Movement
A major whale in the Pepe Coin ecosystem has stirred up the market by selling 262 billion PEPE tokens. This move comes despite the ongoing price uptrend, sparking speculation about why the investor abandoned this meme coin. Blockchain data reveals that the whale used the funds to purchase ONDO tokens instead.
Now, market participants are debating whether the exit from PEPE signals lower expected returns, while crypto DAO remains bullish.
Whale Sells PEPE at a $7 Million Loss
According to blockchain analytics platform Lookonchain, which reported the transaction on March 3, the whale sold 261.8 billion PEPE for $2.12 million, realizing a staggering $7.05 million loss. The initial purchase of these tokens was made for $9.18 million.
📉 This unexpected move has raised concerns among investors about meme coin volatility. A recent market correction that impacted PEPE was influenced by macroeconomic factors and liquidity issues.
On the other hand, PEPE managed to recover, gaining 10% during the day, suggesting that the whale’s decision to sell might have been an attempt to minimize further potential losses.
Further Sell-Offs Indicate Strategic Shift
Beyond PEPE, the whale also sold 531.7 billion BEAM for $4.1 million, marking another significant $7.01 million loss.
📊 The transactions suggest that the whale redirected capital into ONDO, signaling a shift in investment strategy.
ONDO Gains Attention Amid 10% Price Surge
After the massive PEPE and BEAM sell-off, the whale purchased 5.25 million ONDO tokens for $6.26 million DAI.
🔹 ONDO surged by 10%, closing at $1.12, aligning with the broader crypto market rally.
🔹 Bitcoin briefly reclaimed the $95,000 level, while altcoins like Ethereum, Solana, and Cardano followed suit, reflecting the growing optimism.
A key driver behind this bullish sentiment was President Donald Trump’s recent announcement regarding the creation of a strategic crypto reserve including BTC, ETH, XRP, SOL, and ADA. The news boosted investor confidence worldwide.
How Is PEPE Performing?
Despite the whale’s massive sell-off, PEPE’s price surged 7% to $0.000008282. Throughout the day, it traded between $0.000007569 and $0.000008932.
📢 Well-known analyst Crypto-Zeus shared his optimism on X, stating:
"A good time to be a PEPE holder."
With the crypto market still in an uptrend, traders are closely watching both PEPE and ONDO for further price movements. Do you think PEPE will sustain its growth, or will another sell-off occur? 🚀
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