This post was originally published on Coinspeaker
Key NotesPEPE whales are exiting their position according to data from Lookonchain.The current market selloff has created uncertainty for many risk-on assets.Despite the bearish trends around the token, community sentiment remains strong.
A large PEPE transaction is raising questions in the crypto community. A whale recently traded hundreds of billions of PEPE tokens for millions in DAI, a stablecoin. This whale transaction has triggered a discussion in the ecosystem about what this means for the meme coin’s future.
Whale Offloads PEPE, Price Reacts
In a recent development, an anonymous crypto whale sold 723.67 billion PEPE tokens through Binance, amounting to 4.63 million DAI, according to data from Lookonchain.
The transaction happened around 09:29 UTC and was confirmed with an image showing the details. When the sale was initiated, the price of PEPE was pegged around $0.000006398 per token.
A whale just sold 723.67B $PEPE for 4.63M $DAI!https://t.co/OfjJsiqeqs pic.twitter.com/vCqfkKZFvp
— Lookonchain (@lookonchain) April 9, 2025
It is worth noting that this is another time a large holder has moved a significant amount of PEPE this year. Last month, a whale withdrew 500 billion PEPE, valued at over $4.3 million, from Binance.
Although this sale may seem minor compared to
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