A large PEPE token holder recently sold 150 billion tokens, impacting the market on March 30, 2025. This sale has significant implications for PEPE's market value and investor sentiment, accompanied by increased volatility.
Major Shift in PEPE's Market Position
A PEPE whale offloaded 150 billion tokens, surprising many in the market. This occurred as PEPE is experiencing heightened interest, leading to increased scrutiny.
PEPE's Price Drop Amid High Trading Volume
The immediate effect included a noticeable decline in PEPE's price value and increased trading activity. Investors and analysts are evaluating the potential for further price corrections. CoinMarketCap data indicates PEPE's latest price at $0.00000696, with a 24-hour trading volume of $407.95 million, showing a decrease of 2.33%. PEPE's market cap is approximately $2.93 billion, representing a 0.11% market dominance. Over the past 24 hours, its price changed by -6.42%. PEPE's circulating supply is 420.69 trillion coins, as noted by CoinMarketCap.
Experts Predict Continued Pressure on PEPE's Price
Historically, large token dumps have often led to increased market activity and volatility. Similar instances have impacted price movements significantly, attracting broader market attention. Based on current data, market experts predict a possibility of continued downward pressure on PEPE's price if such selling pressure persists. However, historical trends suggest potential recovery as market equilibriums adjust.
The whale's sale of 150 billion PEPE tokens, worth approximately $1.14 million, has contributed to downward pressure on the PEPE price. As reported by Lookonchain, the trader spent only $2,184 to buy 1.5 trillion PEPE, valued at $43 million at the peak, resulting in a total profit of $10.3 million.
