It is reported that a whale recently sold 43.8 billion PEPE tokens, with a total transaction amount of $3.03 million, resulting in a loss of approximately $434,000.
According to LookOnChain monitoring, this large transaction had a significant impact on the market, causing the PEPE price to quickly drop by 5.57%, raising concerns among investors about further declines.
The high volatility of meme tokens and market sentiment
LookIntoChain data shows that the whale's massive sell-off directly led to severe fluctuations in the PEPE price in a short period, with trading volume surging to 2.3 trillion PEPE. The activity on trading platforms such as Binance and Uniswap has increased, further highlighting the impact of whale trading on the meme coin market.
Market participants have expressed concerns about the stability of PEPE, with a noticeable increase in cautious sentiment on social media. A member of the crypto community commented on Twitter:
The continuous sell-off by whales is exacerbating bearish sentiment in the market, and investors are increasingly uneasy about the stability of PEPE's price.
Market data and trends
Interestingly, a whale had previously withdrawn 506.2 billion PEPE, causing severe market fluctuations similar to the impact of this recent sell-off.
As of March 31, 2025, the current price of PEPE is $0.000007, with a market capitalization of approximately $2.95 billion. According to CoinMarketCap data, the 24-hour trading volume of this token reached $474.34 million. Recent data shows that PEPE has dropped 3.08% in the past 24 hours, with significant declines over the past 30 and 60 days.
Source: CoinMarketCap
Insights from the Coincu research team indicate that financial volatility in the cryptocurrency sector will further intensify. Meme coins like PEPE remain unpredictable, with significant whale activity continually shaping their market trajectory. Analysts recommend closely monitoring these fluctuations to anticipate future regulatory responses or market adaptations.
