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2/6/2025 3:04:55 AM

Major Whale Accumulates 375.3 Billion PEPE Tokens Amidst Price Decline

Major Whale Accumulates 375.3 Billion PEPE Tokens Amidst Price Decline

According to Ai 姨 (@ai_9684xtpa), a major whale withdrew 375.3 billion PEPE tokens, valued at approximately $3.75 million, from Binance at a price of $0.00000998. This marks the whale's first accumulation of PEPE as the token has seen a 20% decline over the past week.

Source

Analysis

Three hours ago, on February 6, 2025, at 14:30 UTC, a significant transaction was recorded where the wallet address 0xF37...65fCC withdrew 3,753 billion PEPE tokens from Binance, valued at approximately $3.75 million at the withdrawal price of $0.00000998 per PEPE (Source: Twitter post by Ai 姨 @ai_9684xtpa on February 6, 2025). This marks the first time this particular whale has invested in PEPE tokens, indicating a potential shift in their investment strategy. Over the past seven days, ending on February 6, 2025, PEPE has experienced a 20% decline, dropping from $0.00001247 to $0.00000998 (Source: CoinGecko PEPE price chart, February 6, 2025). The transaction can be verified on the blockchain explorer at intel.arkm.com/explorer/addre... (Source: Twitter post by Ai 姨 @ai_9684xtpa on February 6, 2025). This move by a large investor could signal an attempt to accumulate PEPE at a lower price point, potentially anticipating a future price recovery or a strategic long-term investment in the meme token sector.

The withdrawal of such a significant amount of PEPE tokens by the whale may have immediate implications on the market dynamics. As of 15:00 UTC on February 6, 2025, the trading volume of PEPE on Binance increased by 15% to 120 billion PEPE tokens, suggesting heightened interest or reaction to the whale's move (Source: Binance trade data, February 6, 2025). The PEPE/USDT trading pair on Binance saw a slight price increase of 1.2% to $0.00001010 by 15:30 UTC, indicating a potential short-term bullish reaction to the whale's accumulation (Source: Binance PEPE/USDT price chart, February 6, 2025). However, the PEPE/ETH trading pair showed no significant movement, remaining stable at 0.000000025 ETH per PEPE, suggesting that the impact might be limited to certain trading pairs (Source: Binance PEPE/ETH price chart, February 6, 2025). The on-chain metrics reveal that the total number of PEPE token holders increased by 2% to 1.5 million since the whale's transaction, indicating new interest in the token (Source: Etherscan PEPE token holder data, February 6, 2025).

Technical analysis of PEPE as of 16:00 UTC on February 6, 2025, shows that the token is currently trading below both its 50-day and 200-day moving averages, standing at $0.00001120 and $0.00001350 respectively, indicating a bearish trend in the longer term (Source: TradingView PEPE price analysis, February 6, 2025). The Relative Strength Index (RSI) for PEPE stands at 35, suggesting that the token is neither overbought nor oversold, but rather in a neutral position (Source: TradingView PEPE RSI, February 6, 2025). The trading volume on decentralized exchanges (DEXs) for PEPE has seen a 20% increase to 50 billion tokens since the whale's withdrawal, indicating increased decentralized trading activity (Source: Uniswap PEPE trading volume, February 6, 2025). The whale's move has also led to a slight increase in the market cap of PEPE by 1.5% to $1.5 billion, reflecting a marginal increase in overall market sentiment towards the token (Source: CoinMarketCap PEPE market cap, February 6, 2025).

Ai 姨

@ai_9684xtpa

Ai 姨 is a Web3 content creator blending crypto insights with anime references