Whale sells 114 billion PEPE, influencing market sentiment and price dynamics.
PEPE hits 26-day low; RSI nearing oversold condition.
As the cryptocurrency market continues to experience turbulence, recent activity surrounding Pepe Coin (PEPE) has captured significant attention. Despite a downturn in PEPE’s price, a substantial whale transaction suggests potential bullish momentum.
On-chain data tracking platform Lookonchain reported that a significant PEPE trader capitulated, selling all 114.7 billion PEPE for 366.5 ETH (approximately $1.27 million) at a breakeven price. The trader had initially purchased the 114.7 billion PEPE for $1.27 million at $0.000011 on May 14 and May 15.
This particular sell-off may have contributed to the recent price decline, shaking investor confidence. However, such a substantial transaction can also indicate a potential market bottom, as capitulation by a major holder might precede a price rebound.
The price of PEPE surged to $0.000017 on M
We współpracy z: https://thenewscrypto.com/how-will-the-114-billion-pepe-dump-impact-its-future/
