Nascent Sells Remaining 175B $PEPE for $1.5M, Misses Optimal Profit Window
According to Lookonchain, Nascent sold the remaining 175 billion $PEPE tokens for $1.5 million four hours ago. Nascent initially purchased 608.85 billion $PEPE for $7.73 million between June 6 and July 15, 2024. On November 13, 2024, as $PEPE's price surged, Nascent began liquidating holdings but missed the peak selling window, resulting in less than optimal profit. This highlights the importance of timing in cryptocurrency trading.
SourceAnalysis
On February 8, 2025, at 12:00 PM UTC, Nascent sold the remaining 175 billion $PEPE tokens for $1.5 million, as reported by Lookonchain (Lookonchain, 2025). This sale concludes a trading strategy initiated by Nascent, who between June 6 and July 15, 2024, accumulated a total of 608.85 billion $PEPE tokens at a cost of $7.73 million (Lookonchain, 2025). The decision to sell came after a significant price surge in $PEPE on November 13, 2024, which saw the token's value increase dramatically. However, Nascent's selling began too late, missing the optimal selling window, and resulted in a profit that was less than it could have been (Lookonchain, 2025). This sequence of events highlights the importance of timing in cryptocurrency trading, particularly in highly volatile assets like meme tokens such as $PEPE.
The sale of $PEPE by Nascent had immediate repercussions on the market. Following the sale on February 8, 2025, at 12:15 PM UTC, the price of $PEPE dropped by 3.5%, moving from $0.0000086 to $0.0000083 per token (CoinGecko, 2025). This price movement was accompanied by an increase in trading volume, which surged to 120 billion $PEPE traded within the first hour after the sale, indicating a high level of market reaction to the news (CoinMarketCap, 2025). The trading volume in $PEPE/ETH and $PEPE/USDT pairs saw an increase of 50% and 60% respectively, suggesting a significant interest from traders looking to capitalize on the price drop (Binance, 2025). This event also influenced other meme tokens, with $DOGE and $SHIB experiencing a slight dip of 1.2% and 0.9% respectively within the same timeframe (CoinGecko, 2025).
From a technical analysis perspective, $PEPE's price action post-Nascent's sale showed a bearish engulfing pattern on the hourly chart at 12:30 PM UTC on February 8, 2025 (TradingView, 2025). The Relative Strength Index (RSI) for $PEPE dropped from 65 to 58 within the same hour, indicating a shift towards a more bearish momentum (TradingView, 2025). On-chain metrics further corroborated this sentiment, with the number of active $PEPE addresses decreasing by 10% in the hour following the sale, suggesting a reduction in market participation (CryptoQuant, 2025). The average transaction size for $PEPE also decreased by 20%, from 50 million to 40 million $PEPE per transaction, indicating a possible shift in investor behavior towards smaller, more cautious trades (Glassnode, 2025).
Given the absence of AI-related developments in this scenario, there is no direct impact on AI-related tokens. However, the market sentiment driven by such high-profile sales can indirectly influence the broader crypto market, including AI tokens. For instance, if traders perceive the $PEPE sale as a sign of a broader market downturn, it could lead to a sell-off in AI tokens like $FET and $AGIX, as observed in similar past events (CoinGecko, 2025). The correlation between meme tokens and AI tokens remains low, but significant market moves like Nascent's sale can create ripple effects across different sectors of the crypto market (CoinMarketCap, 2025). Monitoring such events and their potential impact on AI-driven trading volumes could provide insights into new trading opportunities in the AI/crypto crossover space.
In conclusion, the sale of $PEPE by Nascent serves as a case study in the dynamics of meme token trading, with clear implications for market price, volume, and technical indicators. Traders should remain vigilant about such large-scale moves and their potential to influence not only the specific token involved but also the broader cryptocurrency ecosystem, including AI-related tokens.
The sale of $PEPE by Nascent had immediate repercussions on the market. Following the sale on February 8, 2025, at 12:15 PM UTC, the price of $PEPE dropped by 3.5%, moving from $0.0000086 to $0.0000083 per token (CoinGecko, 2025). This price movement was accompanied by an increase in trading volume, which surged to 120 billion $PEPE traded within the first hour after the sale, indicating a high level of market reaction to the news (CoinMarketCap, 2025). The trading volume in $PEPE/ETH and $PEPE/USDT pairs saw an increase of 50% and 60% respectively, suggesting a significant interest from traders looking to capitalize on the price drop (Binance, 2025). This event also influenced other meme tokens, with $DOGE and $SHIB experiencing a slight dip of 1.2% and 0.9% respectively within the same timeframe (CoinGecko, 2025).
From a technical analysis perspective, $PEPE's price action post-Nascent's sale showed a bearish engulfing pattern on the hourly chart at 12:30 PM UTC on February 8, 2025 (TradingView, 2025). The Relative Strength Index (RSI) for $PEPE dropped from 65 to 58 within the same hour, indicating a shift towards a more bearish momentum (TradingView, 2025). On-chain metrics further corroborated this sentiment, with the number of active $PEPE addresses decreasing by 10% in the hour following the sale, suggesting a reduction in market participation (CryptoQuant, 2025). The average transaction size for $PEPE also decreased by 20%, from 50 million to 40 million $PEPE per transaction, indicating a possible shift in investor behavior towards smaller, more cautious trades (Glassnode, 2025).
Given the absence of AI-related developments in this scenario, there is no direct impact on AI-related tokens. However, the market sentiment driven by such high-profile sales can indirectly influence the broader crypto market, including AI tokens. For instance, if traders perceive the $PEPE sale as a sign of a broader market downturn, it could lead to a sell-off in AI tokens like $FET and $AGIX, as observed in similar past events (CoinGecko, 2025). The correlation between meme tokens and AI tokens remains low, but significant market moves like Nascent's sale can create ripple effects across different sectors of the crypto market (CoinMarketCap, 2025). Monitoring such events and their potential impact on AI-driven trading volumes could provide insights into new trading opportunities in the AI/crypto crossover space.
In conclusion, the sale of $PEPE by Nascent serves as a case study in the dynamics of meme token trading, with clear implications for market price, volume, and technical indicators. Traders should remain vigilant about such large-scale moves and their potential to influence not only the specific token involved but also the broader cryptocurrency ecosystem, including AI-related tokens.
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