Whale Sells 170 Billion PEPE, What Happens?

Bittime - The crypto whale sold 170.2 billion PEPE tokens worth $1.97 million, generating a profit of 886%. PEPE increased 4% from its low point on large trading volume, indicating the potential for significant market movement.

Whale Sells 170 Billion PEPE

As a testament to its resilience and possible recovery, the memecoin has risen 4% since hitting this low, according to Daily Coin. However, holders remain alert as LookOnChain shows suspiciously large transfers.

A significant crypto whale, a major Ethereum player, decided to sell 170.2 billion PEPE tokens worth 1.97 million Circle USD (USDC). Discussions about the future of PEPE prices began as a result of this important transaction.

Whales Make Profits from PEPE Sales

This whale move resulted in a fantastic profit of $1.77 million, showing an incredible return on investment (ROI) of 886 percent. Instead, the Ethereum whale spent $200,000 USDC stablecoin to buy 170.2 billion worth of PEPE tokens last October 26, 2023 and held them until June 25, 2024. The potential profitability of an investment in PEPE was emphasized by the strategic hodling and subsequent selling.

PEPE is one of the largest cryptocurrencies

In the highly volatile altcoin market, selling pressure often occurs as the largest crypto holders liquidate their assets. However, PEPE's case remains somewhat unique as this frog-themed memecoin has a huge trading volume. This is what differentiates it from many other altcoins and memecoins, indicating the possibility for big market moves. With a trading volume of US$1.193 billion in the last 24 hours, PEPE is the 8th largest cryptocurrency. 

Conclusion

Investors are becoming concerned about the future of PEPE price due to massive selling by crypto whales who sold 170.2 billion of their tokens. However, this memecoin has risen 4% from its low point. Whales generated huge profits with an ROI of 886%, showing that, with the right hodl strategy, investing in PEPE can generate huge profits.

In the highly volatile altcoin market, major holders often sell a lot. Despite this, PEPE is noted for its large trading volume, which differentiates it from many other altcoins and memecoins, and indicates the possibility of large market moves. PEPE has reached a trading volume of $1.193 billion in the last 24 hours, showing its strength and potential in the crypto market.

How To Buy Crypto With Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.