A major PEPE investor with the address 0x160…Ab5B has officially exited the PEPE market earlier today, liquidating their final 20.12 billion PEPE tokens just 11 hours ago.
The recent development marks the conclusion of a three-month-long trading cycle in which the whale suffered a total loss of approximately $1.227 million.
The sell-off highlights the ongoing volatility within the memecoin space, where large investors are adjusting their positions amid uncertain market conditions.
The investor’s exit aligns with a broader trend of whales reducing their holdings as PEPE’s fluctuating price continues to challenge market confidence.
Whale’s Trading Journey and Progressive Sell-Off
The whale initially accumulated 351.3 billion PEPE tokens between November and December 2024 at an average price of $0.00001722.
Given PEPE’s history of explosive growth, the position initially held strong potential. However, as bearish sentiment took over, the investor strategically offloaded portions of their holdings to mitigate losses.
A month ago, nearly 40% of their position was sold at $0.00002066, allowing for partial recovery.
However, as market pressure continued to mount, the investor was forced to sell their final batch of 20.12 billion tokens at a significantly lower price of $0.00001413, further amplifying their losses.
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PEPE Price Declines, Market Cap Drops Below $4 Billion
Following the whale’s liquidation, PEPE’s price continued its downward trajectory, currently trading at $0.000009268.
The token has seen a sharp -9.65% decline in the past 24 hours and a staggering -27.72% drop over the past week.
With a total circulating supply of 420 trillion PEPE, the token’s market capitalization has now fallen to approximately $3.9 billion.
These losses have raised concerns among investors, particularly those holding large amounts of PEPE or engaging in leveraged trading.
Despite PEPE’s past bullish cycles, its recent downturn highlights the heightened risks associated with memecoins, where price swings can be swift and unpredictable.
Widespread Liquidations Across the Market as PEPE Investors Offload Holdings
PEPE’s extended decline has triggered over $20 million in liquidations, wiping out numerous leveraged positions.
Large-scale sell-offs, such as this whale’s exit, have intensified the selling pressure, leaving the market vulnerable to further declines if investor sentiment does not improve.
Similar trends have been observed across the industry, with another PEPE whale recently dumping 85 billion tokens for $1.51 million at a $1.74 million loss while retaining 180 billion tokens.
Additionally, another major holder sold 620 billion PEPE tokens to buy KEKIUS, only to suffer an $880,000 loss as KEKIUS plummeted by 57%.
The current market downturn has turned profitable traders into loss-making investors, emphasizing the speculative and high-risk nature of memecoins like PEPE.
Also Read: PEPE Investor Books $3.42M Profit After Dumping 552B PEPE Worth $6.92M