Pepe Whale sets off a panic attack, dumps 150 billion tokens as prices drop.

A major participant in the Pepe coin market, cashed out a significant portion of their holdings, which causes the meme currency's price to waver. This early on Pepe investor sold out 150 billion tokens on a crypto market called Binance. The transaction brought around almost $1.14 million. Those who track the ups and downs of these digital currencies have taken note of this major action.

Early Investing Pay Off Great

Looking at how much this investor first invested in Pepe makes the narrative much more fascinating. According to reports, they merely paid around $2,184 to purchase a huge 1.5 trillion Pepe token way back.

This guy has already earned $6.66 million after selling off part of their hoard. That is over 4,718 times their original outlay. Pepe still has a significant amount remaining, over 493 billion tokens, which are presently valued roughly $3.64 million even after this massive sale.

Pricing Slips

Word of this huge transaction appears to have influenced Pepe's pricing. Based on the transaction, the value of the coin declined around 4.59% during the last day. Other sources are even documenting an even larger decline, exceeding 5%.

One Pepe currency today is selling for around $0.00006976. It reminds us that acts of someone who owns a lot of a certain cryptocurrency could really affect the market price.

Pepe is still trading lots even if the price is less. Actually, the trading volume in one day has risen by almost 3.90% to $421.28 million. That shows people are still buying and selling the meme currency even with the price drop.

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