PEPE Faces Uncertainty After Whale Sells 196B Tokens

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• A whale sold 196B PEPE tokens, triggering concerns about the token’s future price movement.
• Despite the sell-off, the whale still holds 2.597 trillion PEPE tokens with significant unrealized gains.
• PEPE’s recovery depends on maintaining key support levels and sustaining retail interest in the token.

Pepe—PEPE, has hit a rocky patch. A massive whale, known for holding a large stash of the token, has shifted focus. Instead of sticking with meme coins, the whale has started investing heavily in DeFi projects. The most recent move? Selling off 196.1 billion PEPE tokens, worth about $1.3 million, at an average price of $0.000006641. This dramatic change has left many wondering: will PEPE bounce back, or are darker days ahead?

Pepe whale sells 196B tokens—Is the memecoin in trouble?https://t.co/hXbLe41vcu

— John Morgan (@johnmorganFL) April 6, 2025

Whale Shifts Strategy: From PEPE to PENDLE

In a surprising move, the whale traded PEPE for 720.6 WETH, then used the full amount to buy 397,192 PENDLE tokens at $3.08 each. Over the next three days, the whale sold another 261.2 billion PEPE, netting 1,060 WETH at an average price of $0.000006909 per token. With a total of 1,060 WETH—around $1.86 million—the whale then snapped up 607,863 PENDLE tokens at $3.066 apiece. This shift from memecoins to DeFi assets caused a stir among traders, leading to concerns about the future of PEPE.

The crypto market quickly reacted, and the price of PEPE began to dip. Yet, despite this sell-off, the whale is still holding a massive 2.597 trillion PEPE tokens, valued at $17.53 million, with unrealized gains of $28.41 million. This shows that the whale remains confident in the token’s long-term potential, despite short-term volatility. While the sell-off may have rattled some, there’s a glimmer of hope for PEPE.

What Next for PEPE?

Despite the concerns raised by the whale’s massive sell-off, PEPE has managed to bounce back. PEPE recently made a solid rebound from a key support zone. This rebound ranged between $0.000000500 and $0.000000700. On August 5th, 2024, increased buying activity at this level hinted at a possible recovery. If similar trends continue into 2025, a stronger comeback is highly likely.

A move into the green mid-zone, between $0.00000070 and $0.000000800, might trigger a bullish rally for PEPE. The daily RSI, sitting close to 50, suggests the token could be ready for a shift. In the past, when PEPE’s RSI has risen above 50 after dropping to near 30, significant price surges have followed.

There are definitely some risks to keep an eye on. If PEPE struggles to stay above $0.00000080, we should expect further losses. Support levels are likely to be tested, and if the price falls below $0.00000060, PEPE might dip all the way to $0.00000040. For now, it’s unclear if PEPE will maintain its ground. With the market’s next moves, everyone is watching closely to see what happens next.

Original Article