Pepe Coin Whale Dumps 330B PEPE; Wider Selloff Incoming?

million worth of PEPE at a loss amid the decline in crypto prices. The trader made a series of transactions involving the meme coin and still holds a large amount of the asset. This sparked diverse community reactions across social media spaces amid the present market sentiment.

PEPE Coin Whale Offloads Huge Assets

A Pepe coin whale sold a huge amount of assets recording a loss from the transaction. Data from Lookonchain shows the whale deposited 330 billion PEPE to crypto exchange Kraken leaving 1 Trillion of the asset worth approximately $7.57 million in the portfolio. Previously, the trader made a series of huge transactions drawing the community’s attention.

At first, whale sold 500 billion Pepe tokens and later purchased 828 billion tokens and a low price taking total holdings to 1.3 trillion assets worth $9.9 million. Amid all these with the latest asset movements, the trader lost over $3 million from the trans#pepe⚡ $PEPE