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A major Pepe Coin whale has triggered market speculation by selling a staggering 262 billion PEPE tokens, raising concerns over the meme coin’s price trajectory. The whale’s decision to shift investments into ONDO suggests a strategic move amid market volatility, leaving investors questioning the future of PEPE.
Whale Sells PEPE at a Massive Loss
According to blockchain analytics platform Lookonchain, the whale offloaded 261.8 billion PEPE tokens worth approximately $2.12 million on March 3. However, this trade resulted in a substantial loss of $7.05 million, as the initial acquisition was made at $9.18 million. The move has intensified discussions about the sustainability of meme coin rallies, especially after PEPE’s recent price surge.
A whale sold $PEPE and $BEAM at a loss of over $14M, then bought 5.35M $ONDO($6.26M)!
— Lookonchain (@lookonchain) March 3, 2025
The whale spent $9.18M to buy 261.6B $PEPE and sold for $2.12M, losing $7.05M!
The whale also spent $11.11M to buy 531.7B $BEAM and sold for $4.1M, losing another $7.01M!
Then he spent 6.26M… pic.twitter.com/TA4zBMfVUC
The broader crypto market has been recovering from recent downturns caused by macroeconomic pressures and liquidity challenges. Despite these hurdles, PEPE gained nearly 10% intraday, making the whale’s selloff particularly surprising. Analysts speculate the whale might be mitigating further losses rather than holding for potential gains.
Additional Selloff Fuels Market Concerns
Further on-chain data revealed that the same whale also sold 531.7 billion BEAM tokens for $4.1 million, incurring another significant loss of $7.01 million. The substantial liquidation of both assets suggests a broader portfolio restructuring, rather than a single token exit.
ONDO Accumulation Sparks Optimism
Following the selloff, the whale allocated $6.26 million in DAI to purchase 5.25 million ONDO tokens. This strategic shift coincided with ONDO’s 10% price jump, bringing its value to $1.12. The accumulation aligns with a broader market uptrend, with Bitcoin briefly reclaiming the $95K mark and altcoins surging in tandem.
Market Sentiment and PEPE’s Future
Despite the whale’s selloff, PEPE has held strong, posting a 7% increase to $0.000008282. The token’s daily range fluctuated between $0.000007569 and $0.000008932, signaling continued investor interest. Market analyst Crypto-Zeus noted on X, “Good time to be a PEPE holder,” citing optimism fueled by Donald Trump’s pro-crypto stance, including plans for a U.S. crypto reserve featuring Bitcoin, Ethereum, XRP, Solana, and Cardano.
Also Read: Ondo Finance Teams Up with NAVI Protocol to Boost USDY Adoption – $35K in Rewards Up for Grabs!
As investors watch closely, PEPE’s resilience amid whale activity and broader crypto market trends will determine its next move.
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.
