Whale Dumps 723B PEPE Tokens for $4.6M in DAI — What It Means for Meme Coin’s Future

Sean Williams
PEPE MEMECOIN

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In a move stirring waves across the crypto space, a massive PEPE transaction is raising eyebrows. A prominent whale offloaded 723.67 billion PEPE tokens via Binance, exchanging them for approximately 4.63 million DAI, according to data from Lookonchain. The transaction, timestamped at 09:29 UTC, valued each token at around $0.000006398 at the time of sale.

While not the first such incident, the scale of this dump has reignited debate over PEPE’s stability and long-term viability. Just last month, another whale withdrew 500 billion PEPE—worth $4.3 million—from Binance, further heightening market sensitivity.

Although the recent selloff represents only a fraction of PEPE’s total circulating supply, its impact on retail investor sentiment could be significant. Meme coins like PEPE thrive on community hype and social engagement, and sudden whale movements can undercut that fragile confidence.

On X (formerly Twitter), user duckd1ve voiced concern about PEPE’s remaining liquidity and called on developers to intervene before erosion of market trust accelerates. At press time, PEPE is trading at $0.0000006310, down 0.78% in the past 24 hours, per CoinMarketCap.

Speculation is swirling that the whale may redirect the 4.63 million DAI into another altcoin—potentially TAXI—adding further pressure on PEPE’s value. Meanwhile, technical analysts note that PEPE faces stiff resistance at the $0.0000075 level, with a breakout potentially triggering a 40% rally.

Despite recent headwinds, PEPE has a history of resilience. Since breaking into the top 100 cryptocurrencies in 2023, it hasn’t fallen out of that bracket—a testament to its dedicated community. Whether that loyalty can weather the latest storm remains to be seen.

Also Read: Pepe Coin Price Eyes 130% Surge as Whales Accumulate 492B PEPE Ahead of Key Breakout

As the meme coin space remains volatile, the next few days could be critical in determining whether PEPE can rebound or if whale-induced turbulence will derail its momentum.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

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