PEPE Whale Secures Stunning $51M Profit, Moves 500B Tokens to Coinbase

• PEPE Whale moves 500B tokens worth $5.73M to Coinbase after 6 months of inactivity.
• PEPE’s price down 3.64% amid whale’s deposit, trading at $0.00001231 as market drops.
• Whale retains 1.25T PEPE tokens despite cashing out 3.66T for $35.52M in profits.

Recently, the cryptocurrency community noticed a large transaction of PEPE tokens. According to the on-chain analytics platform Spot On Chain, a PEPE whale with wallet address “0xc25” resumed activity and transferred 500 billion PEPE tokens worth approximately $5.73 million to Coinbase. Notably, this is the first transaction recorded by the wallet after six months of inactivity, which has sparked a debate on the possible effects on the market.

This whale’s return is a notable event in the history of the market. At the beginning of April 2023, the investor invested only $3,010 to buy 4.914 trillion PEPE tokens. The investor’s holdings gave an estimated total profit of $51.25 million, 17,026x the initial investment. Eventually, the whale sold 3.66 trillion of the tokens worth $35.52 million. Nevertheless, the whale still holds 1.25 trillion tokens, equivalent to about $15.73 million.

PEPE Whale Secures Stunning $51M Profit, Moves 500B Tokens to Coinbase 3

Market Impact and PEPE Price Action

Due to market volatility the price of PEPE has declined 4% in the last 24 hours, trading at $0.00001231 at press time. In the past week alone, the meme coin has fallen 22% in value, trading as low as $0.00001132 on January 28.

The recent decline can be attributed to market-wide pullbacks, especially as investors look forward to the year’s first Federal Reserve interest rate decision. Following the decision, Fed Chair Jerome Powell will hold a press conference that is expected to impact market sentiment, with traders forecasting a 100% chance that interest rates will not be adjusted.

PEPE’s price has continued to retreat from its all-time high of $0.000028, recorded in December 2024. Analysts suggest that Exchange activities and whale movements often lead to speculative trading. Large investments increase market liquidity which causes prices to drop when holders sell their tokens.

Technical Indicators Signal Possible Rebound

Technical analysis also show that PEPE might be moving towards a phase of accumulation. The Market Value to Realized Value (MVRV), which is utilized to identify whether a token is overbought or oversold, shows that the meme coin is in a buy zone. In previous instances where MVRV touched this range, the price rallied between 51% and 72%.

Furthermore, data from Santiment reveals that the supply on exchanges has decreased, suggesting that investors are transferring tokens to non-exchange wallets. This trend decreases selling pressure and implies long-term investors’ strategies.

Other indicators, including the Bollinger Bands and the Relative Strength Index (RSI) show that meme coin may be oversold. When the RSI crosses above 40, a short term pullback can be expected. However, the MACD is still in the bearish territory, indicating a possible decline in bearish pressure.

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