Whale Sells 723.67 Billion PEPE Tokens for 4.63 Million DAI
A significant transaction involving PEPE tokens has sparked discussions within the crypto community. An anonymous whale sold 723.67 billion PEPE for approximately 4.63 million DAI via Binance, with the transaction recorded at a price of $0.000006398 per token.
Transaction Details
- Whale sold 723.67 billion PEPE for 4.63 million DAI
- Transaction confirmed by Lookonchain data
- Sale occurred at 09:29 UTC
- Previous large transaction involved 500 billion PEPE valued over $4.3 million
This sale may affect market sentiment and retail investor participation, as such movements can lead to price fluctuations and potential negative perceptions among smaller holders. Concerns about liquidity have emerged, with some users urging developers to act.
Plenty of liquidity left but for how long. Devs do something…lol
— 🌊 (@duckd1ve)
The current price of PEPE is $0.0000006310, reflecting a 0.78% decrease in the last 24 hours. Speculation exists that the whale may reinvest the 4.63 million DAI into another cryptocurrency, potentially TAXI, which could further impact PEPE's price.
Market Outlook
- Resistance level around $0.0000075 indicated
- Breakout above this level could lead to a 40% rally
- Historical resilience shown despite recent selloff
- Community support essential for future growth
The next few days will be critical for assessing whether investor sentiment can stabilize and drive growth for PEPE again.