A significant player in the Pepe Coin market has recently cashed out a substantial portion of their holdings, causing notable fluctuations in the price of this meme-inspired cryptocurrency. The investor, who entered the Pepe market early, sold off 150 billion tokens on Binance, the leading cryptocurrency exchange, amounting to approximately $1.14 million. This significant move has captured the attention of market observers who closely monitor the dynamics of digital currencies.
Early Investment Pays Off Big
The narrative surrounding this investor becomes even more intriguing when we consider their initial financial commitment to Pepe. Reports suggest that they initially invested around $2,184 to acquire a staggering 1.5 trillion Pepe tokens during the early stages of its market presence.
A $PEPE OG sold 150B $PEPE($1.14M) again 5 hours ago.
This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) in the early stage.
He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of $10.3M(4,718x).https://t.co/tyzLr10sGj pic.twitter.com/FD6fFpyqCi
— Lookonchain (@lookonchain) March 29, 2025
After liquidating part of their tokens, this investor has already realized a profit of $6.66 million, representing an extraordinary return of approximately 4,718 times their initial investment. Notably, they still retain a significant portion of their holdings, approximately 493 billion Pepe tokens, which currently hold a value of around $3.64 million.
Price Takes A Dip
The announcement of this large-scale sale has had an immediate impact on the price of Pepe. Within the last 24 hours, the value of the coin has dropped approximately 4.59%, with certain analyses suggesting an even greater decrease exceeding 5%.
Currently, one Pepe coin trades at about $0.00006976. This occurrence serves as a reminder that the market dynamics of cryptocurrency can be significantly swayed by the actions of large holders.
Market Shows Signs Of Weakness
However, this cash-out is not the sole factor exerting pressure on Pepe’s price. The broader cryptocurrency market has been experiencing a phase of stagnation, further contributing to the bearish sentiment surrounding Pepe.
Despite the price declines, trading activities remain robust, with a daily trading volume showing an increase of around 3.90%, totaling $421.28 million. This indicates that traders continue to engage with the meme currency, despite its declining price.
Technical Indicators Point Downward
Taking a quick glance at current technical indicators reveals a concerning outlook for Pepe. The Moving Average Convergence Divergence (MACD) suggests a bearish trend, indicating the possibility of further price declines. Simultaneously, the Relative Strength Index (RSI) indicates an “oversold” condition at 24.55, highlighting the considerable selling pressure the coin has been under.
Moreover, data indicates that there has been an outflow of capital from Pepe since mid-January, painting a less than favorable picture for its price stability. Some analysts warn that if Pepe does not maintain above a critical threshold of $0.0000075, it could face an additional drop of 20%, potentially bringing its value down to $0.00000585.
Featured image from Gemini Imagen, chart from TradingView
