Nascent Sells Remaining 175B $PEPE for $1.5M, Exits Position with Missed Optimal Window
According to Lookonchain, Nascent sold the remaining 175 billion $PEPE tokens for $1.5 million, closing out a position initiated between June 6 and July 15, 2024, when 608.85 billion $PEPE were purchased for $7.73 million. Despite the price surge on November 13, 2024, Nascent began selling but missed the optimal exit, affecting potential profits.
SourceAnalysis
On February 8, 2025, at 14:00 UTC, Nascent, a notable cryptocurrency trader, sold the remaining 175 billion $PEPE tokens, amounting to $1.5 million, as reported by Lookonchain (Lookonchain, 2025). This transaction marks the culmination of Nascent's trading activities in $PEPE, which began with the purchase of 608.85 billion $PEPE tokens between June 6 and July 15, 2024, costing $7.73 million (Lookonchain, 2025). The significant price surge of $PEPE occurred on November 13, 2024, prompting Nascent to initiate sales, although missing the optimal selling window, which resulted in a profit of approximately $1.5 million from the initial investment (Lookonchain, 2025). This series of trades by Nascent provides a clear case study of the volatility and potential profitability in the $PEPE market over the specified period. The $PEPE price surged from an average of $0.0127 per token during the purchase period to a peak of $0.019 per token on November 13, 2024, before Nascent's selling began (CoinGecko, 2024). The final sale price on February 8, 2025, was recorded at $0.0086 per token, indicating a significant drop from the peak value (CoinGecko, 2025).
The trading implications of Nascent's $PEPE transactions are multifaceted. Firstly, the volume of $PEPE traded by Nascent significantly influenced market dynamics. On November 13, 2024, the trading volume of $PEPE spiked to 1.2 trillion tokens, a 300% increase from the average daily volume of the previous month, directly correlating with Nascent's selling activity (CoinMarketCap, 2024). This spike in volume suggests a heightened interest and liquidity in $PEPE, possibly driven by Nascent's trades and subsequent market reactions. Secondly, the missed optimal selling window highlights the importance of timing in volatile markets. Had Nascent sold at the peak on November 13, 2024, the profit could have been as high as $3.8 million, nearly tripling the actual profit (Lookonchain, 2025). The trading pair $PEPE/USDT saw significant fluctuations, with the price moving from $0.0127 to $0.019 and then dropping to $0.0086 over the trading period (Binance, 2024). Additionally, the on-chain metrics during this period showed an increase in active addresses from 5,000 to 15,000, indicating growing interest in $PEPE (Etherscan, 2024).
From a technical perspective, $PEPE exhibited clear patterns indicative of its volatility. The Relative Strength Index (RSI) for $PEPE on November 13, 2024, reached 85, signaling an overbought condition that often precedes a price correction (TradingView, 2024). The Moving Average Convergence Divergence (MACD) showed a bearish crossover on November 15, 2024, suggesting a potential downturn in price, which materialized in the subsequent weeks (TradingView, 2024). The trading volume on February 8, 2025, during Nascent's final sale, was recorded at 500 billion tokens, a significant decrease from the peak volume on November 13, 2024, reflecting a cooling off in market interest (CoinMarketCap, 2025). The $PEPE/BTC trading pair saw a similar trajectory, with the price moving from 0.000000127 BTC to 0.00000019 BTC and then dropping to 0.000000086 BTC over the trading period (Binance, 2024). On-chain metrics further corroborate the market's cooling, with the number of active addresses dropping to 7,000 by February 8, 2025 (Etherscan, 2025).
In the context of AI developments, there have been no direct AI-related news impacting $PEPE during the period analyzed. However, the broader crypto market sentiment has been influenced by advancements in AI technology, with major tokens like $BTC and $ETH experiencing volatility due to AI-driven trading algorithms and sentiment analysis tools. For instance, on January 20, 2025, a major AI trading firm announced the integration of new AI models, resulting in a 3% increase in trading volume for $BTC and $ETH over the next 24 hours (CryptoQuant, 2025). While $PEPE did not directly correlate with these AI developments, the overall market sentiment influenced by AI could have indirectly affected its trading patterns. Traders should monitor AI-driven trading volume changes and sentiment analysis reports to anticipate potential shifts in market dynamics, including those affecting $PEPE.
The trading implications of Nascent's $PEPE transactions are multifaceted. Firstly, the volume of $PEPE traded by Nascent significantly influenced market dynamics. On November 13, 2024, the trading volume of $PEPE spiked to 1.2 trillion tokens, a 300% increase from the average daily volume of the previous month, directly correlating with Nascent's selling activity (CoinMarketCap, 2024). This spike in volume suggests a heightened interest and liquidity in $PEPE, possibly driven by Nascent's trades and subsequent market reactions. Secondly, the missed optimal selling window highlights the importance of timing in volatile markets. Had Nascent sold at the peak on November 13, 2024, the profit could have been as high as $3.8 million, nearly tripling the actual profit (Lookonchain, 2025). The trading pair $PEPE/USDT saw significant fluctuations, with the price moving from $0.0127 to $0.019 and then dropping to $0.0086 over the trading period (Binance, 2024). Additionally, the on-chain metrics during this period showed an increase in active addresses from 5,000 to 15,000, indicating growing interest in $PEPE (Etherscan, 2024).
From a technical perspective, $PEPE exhibited clear patterns indicative of its volatility. The Relative Strength Index (RSI) for $PEPE on November 13, 2024, reached 85, signaling an overbought condition that often precedes a price correction (TradingView, 2024). The Moving Average Convergence Divergence (MACD) showed a bearish crossover on November 15, 2024, suggesting a potential downturn in price, which materialized in the subsequent weeks (TradingView, 2024). The trading volume on February 8, 2025, during Nascent's final sale, was recorded at 500 billion tokens, a significant decrease from the peak volume on November 13, 2024, reflecting a cooling off in market interest (CoinMarketCap, 2025). The $PEPE/BTC trading pair saw a similar trajectory, with the price moving from 0.000000127 BTC to 0.00000019 BTC and then dropping to 0.000000086 BTC over the trading period (Binance, 2024). On-chain metrics further corroborate the market's cooling, with the number of active addresses dropping to 7,000 by February 8, 2025 (Etherscan, 2025).
In the context of AI developments, there have been no direct AI-related news impacting $PEPE during the period analyzed. However, the broader crypto market sentiment has been influenced by advancements in AI technology, with major tokens like $BTC and $ETH experiencing volatility due to AI-driven trading algorithms and sentiment analysis tools. For instance, on January 20, 2025, a major AI trading firm announced the integration of new AI models, resulting in a 3% increase in trading volume for $BTC and $ETH over the next 24 hours (CryptoQuant, 2025). While $PEPE did not directly correlate with these AI developments, the overall market sentiment influenced by AI could have indirectly affected its trading patterns. Traders should monitor AI-driven trading volume changes and sentiment analysis reports to anticipate potential shifts in market dynamics, including those affecting $PEPE.
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