Whale Alert: 330 Billion $PEPE Dump – Is a Massive Sell-Off on the Horizon? 🚨
A PEPE whale just made waves, sending shockwaves through the market with a jaw-dropping move! 🐋💥
In the last 24 hours, this whale deposited a staggering 330 billion $PEPE tokens—worth approximately $2.53 million—into Kraken. This kind of move usually screams “SELL!” and could be a sign of what’s to come. But here’s the kicker: despite the massive dump, this whale might be selling at a loss of over $3 million! 😱
So why sell now? After raking in profits earlier this month, this whale's current holdings are in the red, forcing them to offload a chunk of their stash. But don’t be fooled—this whale isn’t out of the game yet. With 1 trillion $PEPE still in their wallet, valued at over $7 million, they might be holding out for a market recovery or a bullish turnaround. 🚀
On-chain data backs up the bearish sentiment. Exchange inflows are dwarfing outflows, signaling that the selling pressure is mounting, especially with whales leading the charge. The data from Santiment showed inflows of over 76 billion PEPE tokens, while outflows lagged at just 23 billion. The imbalance suggests that many holders are gearing up to cash out, potentially intensifying the downward pressure. 📉
Despite a modest 1.57% gain in the last session, the overall market remains bearish. The Relative Strength Index (RSI) hovers around 40, indicating weak moment PEPE closed the day at $0.00000773, dipping slightly by 0.3%.
Are we about to see a full-blown sell-off? Or is this whale’s move just the beginning of a larger strategy? Stay tuned, and keep your eyes on the charts—things are about to get wild! 🔥
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