• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Massive Whale Sales Heighten Sentiment in the Crypto Market

user avatar

by Giorgi Kostiuk

6 months ago


A significant sale of PEPE coins has sparked investor concerns about potential future market pressure. This situation also affects Bitcoin (BTC).

PEPE Coin Whale Transactions

According to Lookonchain, a PEPE coin whale has listed 85 billion PEPE coins for sale. This sale resulted in a total loss of 1.74 million dollars, in addition to the 3.2 million dollars lost from the remaining 180.8 billion PEPE coins in the whale’s portfolio. The current price of PEPE Coin is 0.00001766 dollars, down by 3.10% in the last 24 hours and 13.87% over the past week.

Concerns Regarding Bitcoin (BTC)

Speculation about the potential sale of approximately 6.7 billion dollars worth of confiscated Bitcoins by the U.S. government has raised concerns about further declines in BTC prices. El Salvador’s President Nayib Bukele and investor Robert Kiyosaki noted that a decrease in BTC prices could represent an opportunity for investors due to future growth potential.

"The drop in BTC prices offers an opportunity to enter the cryptocurrency market at discounted prices." – Nayib Bukele

Market Trends and Expectations

The cryptocurrency market is expected to remain volatile until pro-crypto regulations emerge following the U.S. presidential elections. In light of these developments, cryptocurrencies like PEPE are forecasted to experience a strong recovery despite selling pressures. Market experts suggest that the impact of large investor movements on market dynamics will persist, necessitating a reassessment of investment strategies.

Whale sales and developments concerning Bitcoin carry significant signals for cryptocurrency investors, aiding in understanding market trends and potential price movements.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Significant Bitcoin Price Surge and Vanguard's New Investment

chest

Bitcoin hits record high at $122,838, while Vanguard acquires stake in a company holding 601,550 BTC.

user avatarGiorgi Kostiuk

Ripple, Circle, and BitGo Seek Trust Bank Licenses in the U.S.

chest

Ripple, Circle, and BitGo have applied for trust bank licenses in the U.S. to expand their banking operations.

user avatarGiorgi Kostiuk

BTCS Makes Strategic Ethereum Purchase Worth $62.4 Million

chest

BTCS Inc. significantly boosts its Ethereum reserves, highlighting confidence in cryptocurrency's future.

user avatarGiorgi Kostiuk

Ruvi AI (RUVI): Technology Changing the Cryptocurrency Market

chest

Ruvi AI is a blockchain platform using AI for real applications in marketing, finance, and entertainment.

user avatarGiorgi Kostiuk

Meta Executives Face Shareholders in Data Privacy Lawsuit

chest

Meta is confronting shareholders in court over allegations of mishandling privacy rules.

user avatarGiorgi Kostiuk

New Open-Source AI Model Kimi K2: A Competitor to OpenAI and Claude Opus

chest

Moonshot AI has introduced its new open-source AI model Kimi K2, claiming it outperforms popular models on several metrics.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.