{"id":550651,"date":"2023-09-09T14:10:37","date_gmt":"2023-09-09T14:10:37","guid":{"rendered":"https:\/\/uniquehot.com\/?p=550651"},"modified":"2024-06-11T14:30:29","modified_gmt":"2024-06-11T14:30:29","slug":"massive-pepe-token-dump-whale-unloads-762-billion-at-loss-as-price-wobbles","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/massive-pepe-token-dump-whale-unloads-762-billion-at-loss-as-price-wobbles\/","title":{"rendered":"Massive PEPE Token Dump: Whale Unloads 762 Billion At Loss As Price Wobbles"},"content":{"rendered":"<p><span style=\"font-weight: 400\">PEPE, the meme coin that has garnered a cult following in the cryptocurrency world, made headlines once again as an anonymous whale, rumored to go by the name &#8220;Alleged Mattfurie,&#8221; executed a huge transaction.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to a new <\/span><a href=\"https:\/\/u.today\/762-billion-pepe-sold-by-this-whale-at-loss-as-price-staggers-details\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">PEPE price update<\/span><\/a><span style=\"font-weight: 400\">,\u00a0 this enigmatic figure exchanged a staggering 726 billion PEPE tokens for approximately 345.7 Ethereum (ETH). What&#8217;s more, the acquired ETH swiftly found its way to the Coinbase exchange, adding intrigue to an already sensational move.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As of the latest data from <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/pepe\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\">, PEPE is currently valued at $0.00000078, with a 24-hour slump of 2.8% and a marginal seven-day loss of 0.1%. However, the impact of this whale behavior is sending ripples through the meme coin&#8217;s market dynamics.<\/span><\/p>\n<p>PEPE&#8217;s price saw a brief 3.48% rise on September 7th, but it quickly dropped back to $0.0000007857. This likely indicates that a significant PEPE holder sold their 762 billion tokens at a loss.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/all\/shiba-inu-tallies-77-accumulation-by-major-investors-good-for-shib-price\/\" target=\"_blank\" rel=\"noopener \">Shiba Inu Tallies 77% Accumulation By Major Investors \u2013 Good For SHIB Price?<\/a><\/div>\n<h2><strong>PEPE Price Conundrum: Caught In A Triangle<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">PEPE&#8217;s journey in the world of cryptocurrencies has been nothing short of remarkable. It has not only become a symbol of internet culture but also a fascinating experiment in the world of decentralized finance.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/FJ8Fm2BU\/\" width=\"2475\" height=\"1179\"><\/p>\n<pre style=\"text-align: center\">PEPEUSDT trading at $0.00000078 on the weekend chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<p><span style=\"font-weight: 400\">While the PEPE token continues to capture the imagination of traders, its price appears to be tightly ensnared within a converging triangular pattern. A <\/span><a href=\"https:\/\/coingape.com\/markets\/pepe-price-prediction-in-pepe-chart-signal-a-10-downturn\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">separate report<\/span><\/a><span style=\"font-weight: 400\"> suggests that as long as this pattern remains intact, the coin&#8217;s price may persist in moving laterally over the coming days. This predicament leaves traders in a precarious position.<\/span><\/p>\n<p><span style=\"font-weight: 400\">For traders with a bearish outlook on PEPE, the recent whale transaction may present an enticing opportunity. Some are considering the possibility of short-selling the coin, anticipating a potential breakdown. If this bearish sentiment takes hold, the report notes that PEPE&#8217;s price could tumble by as much as 10%, potentially retesting the psychological support level at $0.0000007.<\/span><\/p>\n<h2><strong>Insights And Speculation Abound<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">The sudden influx of PEPE coins into the market has raised several questions about its potential impact. The cryptocurrency market, known for its unpredictability, continues to offer intrigue and speculation, with events like Alleged Mattfurie&#8217;s massive PEPE token exchange sparking intense discussions.\u00a0<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-550662 size-medium\" src=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/a-36.png?w=460&#038;resize=460%2C256\" alt=\"\" width=\"460\" height=\"256\" srcset=\"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/a-36.png?w=681 681w, https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/09\/a-36.png?w=460 460w\" sizes=\"(max-width: 460px) 100vw, 460px\"><\/p>\n<pre style=\"text-align: center\">PEPE seven-day price action. Source: Coingecko<\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/xrp-bottom-support-holds-strong-a-healthy-sign-for-the-cryptos-price\/\" target=\"_blank\" rel=\"noopener \">XRP Bottom Support Holds Strong: A Healthy Sign For The Crypto\u2019s Price?<\/a><\/div>\n<p><span style=\"font-weight: 400\">While some view it as a simple profit-taking move, others see it as a signal of larger market shifts. The meme coin space, in particular, thrives on such dramatic twists, and PEPE enthusiasts remain divided on the implications of this whale&#8217;s actions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the world of cryptocurrency, where every move is scrutinized and analyzed, the PEPE whale&#8217;s exchange of 726 billion tokens for Ethereum serves as a reminder of the volatility and excitement that come with these digital assets. <\/span><\/p>\n<p><span style=\"font-weight: 400\">As PEPE continues to occupy a unique niche in the crypto landscape, observers and traders alike eagerly await the next chapter in this ever-evolving story.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from <\/span>Live Science<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PEPE, the meme coin that has garnered a cult following in the cryptocurrency world, made headlines once again as an anonymous whale, rumored to go by the name &#8220;Alleged Mattfurie,&#8221; executed a huge transaction.\u00a0 According to a new PEPE price update,\u00a0 this enigmatic figure exchanged a staggering 726 billion PEPE tokens for approximately 345.7 Ethereum (ETH). What&#8217;s more, the acquired ETH swiftly found its way to the Coinbase exchange, adding intrigue to an already sensational move. As of the latest data from CoinGecko, PEPE is currently valued at $0.00000078, with a 24-hour slump of 2.8% and a marginal seven-day loss of 0.1%. However, the impact of this whale behavior is sending ripples through the meme coin&#8217;s market dynamics. PEPE&#8217;s price saw a brief 3.48% rise on September 7th, but it quickly dropped back to $0.0000007857. This likely indicates that a significant PEPE holder sold their 762 billion tokens at a loss. Related Reading: Shiba Inu Tallies 77% Accumulation By Major Investors \u2013 Good For SHIB Price? PEPE Price Conundrum: Caught In A Triangle PEPE&#8217;s journey in the world of cryptocurrencies has been nothing short of remarkable. It has not only become a symbol of internet culture but also a fascinating experiment in the world of decentralized finance.\u00a0 PEPEUSDT trading at $0.00000078 on the weekend chart: TradingView.com While the PEPE token continues to capture the imagination of traders, its price appears to be tightly ensnared within a converging triangular pattern. A separate report suggests that as long as this pattern remains intact, the coin&#8217;s price may persist in moving laterally over the coming days. This predicament leaves traders in a precarious position. For traders with a bearish outlook on PEPE, the recent whale transaction may present an enticing opportunity. Some are considering the possibility of short-selling the coin, anticipating a potential breakdown. If this bearish sentiment takes hold, the report notes that PEPE&#8217;s price could tumble by as much as 10%, potentially retesting the psychological support level at $0.0000007. Insights And Speculation Abound The sudden influx of PEPE coins into the market has raised several questions about its potential impact. The cryptocurrency market, known for its unpredictability, continues to offer intrigue and speculation, with events like Alleged Mattfurie&#8217;s massive PEPE token exchange sparking intense discussions.\u00a0 PEPE seven-day price action. Source: Coingecko Related Reading: XRP Bottom Support Holds Strong: A Healthy Sign For The Crypto\u2019s Price? While some view it as a simple profit-taking move, others see it as a signal of larger market shifts. The meme coin space, in particular, thrives on such dramatic twists, and PEPE enthusiasts remain divided on the implications of this whale&#8217;s actions. In the world of cryptocurrency, where every move is scrutinized and analyzed, the PEPE whale&#8217;s exchange of 726 billion tokens for Ethereum serves as a reminder of the volatility and excitement that come with these digital assets. As PEPE continues to occupy a unique niche in the crypto landscape, observers and traders alike eagerly await the next chapter in this ever-evolving story. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Live Science<\/p>\n","protected":false},"author":557,"featured_media":557813,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1,3],"tags":[1144,8686,83767,88215,4735],"class_list":["post-550651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all","category-news","tag-btcusd","tag-ethusd","tag-meme-coins","tag-pepe-price","tag-price-action"],"acf":[],"yoast_head":"\n<title>Massive PEPE Token Dump: Whale Unloads 762-B At A Loss<\/title>\n<meta name=\"description\" content=\"PEPE, the meme coin that has garnered a cult following in the cryptocurrency world, made headlines once again as an anonymous whale, rumored to go by the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. 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