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Pepe Coin (PEPE) is under intense pressure as whales offloaded over 1 trillion tokens in a dramatic selloff that has rattled investor confidence across the crypto market. Amid a broader market downturn, data from blockchain analytics platforms shows that high-profile wallets are shedding PEPE at alarming rates—signaling fear and uncertainty within the meme coin community.
According to Lookonchain, a major whale dumped 723.67 billion PEPE for 4.63 million DAI on April 9, setting off a wave of similar transactions. SpotOnChain further revealed that institutional liquidity providers have joined the exodus. Market maker Cumberland transferred 247 billion PEPE to Robinhood, while B2C2 deposited 163 billion tokens to Binance. Collectively, whale-driven dumps amounted to nearly $7 million in a single day.
A whale just sold 723.67B $PEPE for 4.63M $DAI!https://t.co/OfjJsiqeqs pic.twitter.com/vCqfkKZFvp
— Lookonchain (@lookonchain) April 9, 2025
This wave of panic selling comes as macroeconomic fears, including Trump’s proposed tariff plans, weigh heavily on investor sentiment. Analysts warn that the influx of tokens into exchanges could signal more sell pressure ahead, placing downward strain on PEPE’s already volatile price action.
At the time of writing, PEPE was trading at $0.000006301—down nearly 1% in 24 hours, and over 14% on the weekly chart. The token reached an intraday low of $0.000005814, reflecting increased volatility and bearish momentum. Since peaking near $0.00002 in January, PEPE has shed nearly 70% of its value.
Market watchers caution that such large-scale selloffs, particularly from whales and institutional entities, often precede deeper downturns. The increased circulating supply and loss of investor confidence may further erode support levels in the short term.
Also Read: Pepe Coin Price Eyes 130% Surge as Whales Accumulate 492B PEPE Ahead of Key Breakout
As PEPE struggles to find footing amid a shaky crypto landscape, all eyes remain on whale wallets and centralized exchange inflows. With sentiment at a low and no clear catalysts for recovery, the meme coin’s fate hangs in the balance.
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.
I’m a crypto enthusiast with a background in finance. I’m fascinated by the potential of crypto to disrupt traditional financial systems. I’m always on the lookout for new and innovative projects in the space. I believe that crypto has the potential to create a more equitable and inclusive financial system.
