The unstable world of cryptocurrency makes it so that whale movements—especially those involving huge positions in popular tokens—commonly get taken as signals by the wider market.
Lately, the attention-grabbing shifts in the $PEPE market have served to highlight this phenomenon. A prominent whale, often called one of the “ETH high win rate band brothers,” has recently been reducing his sizable position in $PEPE and incurring big-time losses in the process. Meanwhile, an entirely new whale address has opened up a huge position in $PEPE and is now swimming alongside us in this part of the crypto ocean. Together, their tectonic shifts—up and down—have raised some eyebrows in $PEPE’s market and gotten speculation swirling in crypto Twitter.
Whale Cuts $PEPE Position, Incurring Losses
The whale famous for its Ethereum-based investment triumphs has just deposited a shocking 188.1 billion $PEPE tokens onto the crypto market. The cryptocurrency known for its volatility and high risk, like all meme coins, had been down-trending for awhile (see charts on page 2). Still, when the whale pulled off this decidedly bearish move, it sent the price of $PEPE plummeting even further. How much further? We break it down here because the numbers tell a story. For one, the whale’s initial purchase price for the tokens back in December 2024 was a whole lot better than the price at which it just sold them off. Altogether, these tokens were sold at a loss of $2.63 million—down 59.3% from the initial buy.
When the sale occurred, $PEPE had fallen back to levels not seen since November of the previous year. Now priced at $0.000009235, the token is well off its previous highs and is a far cry from the bullish market that existed not long ago. The situation underscores the difficulties that $PEPE holders find themselves in, especially those who bought in at much higher levels. And now, with a mega-whale having dumped a huge chunk of the asset, what’s left of $PEPE seems to be a hollow asset likely to face further headwinds.
A New Entrant’s Bold Move in $PEPE
The sale of high-win-rate brother of ETH on the Band marks a loss; however, it has coincided with a new whale address, 0xB9b…bce3d, freshly entering the $PEPE capital pool. This address has opened a massive position, purchasing a whopping 250 billion in $PEPE tokens. At the time of this acquisition, the value of that position was $2.31 million, with the opening price set at $0.00000924 per token.
Market analysts and traders are questioning the new bold investment. Is it bargain hunting from a whale trying to capitalize on our recent price drop and gearing up for a future recovery with us? Or is it more of a calculated move in this mid-level purchase with the whale betting on us hitting a stable price point from which we can rise again? Neither of these potential stories has an obvious leg up on the other, and the entry timing could certainly indicate either one—or even a mix of both.
Since $PEPE recently returned to the price levels it was at last November, the new address could be trying to play a bounce-back. Some analysts seem to think that this huge buy means the new address is confident about $PEPE regaining its former prices, even if it has recently hit a downturn. Still, this buy seems risky, given how volatile the market is, and any investment in $PEPE still seems subject to some wild price swings.
Market Outlook for $PEPE
The $PEPE market has seen recent activity that demonstrates the ongoing fluctuation in sentiment around the token. On one hand, the sale by the ETH high win rate band brother represents a clear acknowledgment of the risks involved with holding large positions in assets like $PEPE, especially in light of its current price drop. In which case, who wouldn’t want to sell an asset on the verge of collapse?! On the other hand, the new whale’s decision to buy into $PEPE at this low price indicates that there may be faith in the token’s potential for a comeback.
The unpredictable nature of cryptocurrencies is underscored for investors and market watchers by the contrasting positions of some large holders of the assets. Cutting their losses, some big holders have recently moved to sell a portion of their crypto. Meanwhile, in what some might see as a somewhat ironic twist, other large holders of cryptocurrencies have recently taken advantage of what they see as discounted pricing on certain assets to buy even more crypto.
Looking to the future, $PEPE’s prospects will heavily rely on the overarching trends of the market, how well the token is embraced, and what kind of mood the big-ticket investors are in. The market’s new players, such as 0xB9b…bce3d, aren’t exactly shy about making the kind of moves that might give you pause, and in their absence, you might think that $PEPE’s trajectory is starting to appear — and not in a good way. Yet, over these same days and weeks, something of a token market has been reestablished, with a handful of big buyers showing up to keep the party going.
If you observe the crypto markets, the narrative surrounding $PEPE should remind you that in this space, fortunes can shift rapidly, and no position is entirely free from risk.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.