#BTCBelow80K 🚨🚨PEPE Faces Uncertainty After Whale Sells 196B Token📉👀

Whale Shifts Strategy: From PEPE to PENDLE

In a surprising move, the whale traded PEPE for 720.6 WETH, then used the full amount to buy 397,192 PENDLE tokens at $3.08 each. Over the next three days, the whale sold another 261.2 billion PEPE, netting 1,060 WETH at an average price of $0.000006909 per token. With a total of 1,060 WETH—around $1.86 million—the whale then snapped up 607,863 PENDLE tokens at $3.066 apiece. This shift from memecoins to DeFi assets caused a stir among traders, leading to concerns about the future of PEPE.

The crypto market quickly reacted, and the price of PEPE began to dip. Yet, despite this sell-off, the whale is still holding a massive 2.597 trillion PEPE tokens, valued at $17.53 million, with unrealized gains of $28.41 million. This shows that the whale remains confident in the token’s long-term potential, despite short-term volatility. While the sell-off may have rattled some, there’s a glimmer of hope for PEPE.

What Next for PEPE?

Despite the concerns raised by the whale’s massive sell-off, PEPE has managed to bounce back. PEPE recently made a solid rebound from a key support zone. This rebound ranged between $0.000000500 and $0.000000700. On August 5th, 2024, increased buying activity at this level hinted at a possible recovery. If similar trends continue into 2025, a stronger comeback is highly likely.

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