Trader Profits $1.053 Million by Selling 588.2 Billion PEPE Tokens
According to @ai_9684xtpa, a trader who previously made $4.92 million in the past six months through $PEPE swing trading, has sold off 588.2 billion PEPE tokens for $10.99 million, securing a profit of $1.053 million. The trader began accumulating the tokens on December 20, 2024, at an average cost of $0.0000169 and decided to exit as the market rebounded, selling at approximately $0.00001869. Up to now, the trader has made a total profit of $5.97 million from $PEPE trading.
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On January 16, 2025, a sophisticated investor, known for earning $4.92 million through $PEPE swing trading over the past six months, executed a complete liquidation of 5,882 billion $PEPE tokens, amounting to $10.99 million. This action resulted in a profit of $1.053 million. The investor began accumulating $PEPE from December 20, 2024, with an average cost of $0.0000169 per token. The liquidation was carried out at a selling price of approximately $0.00001869, taking advantage of the market's recovery (Source: Twitter post by Ai 姨, January 16, 2025). Up to this point, the investor's total earnings from $PEPE swing trading have reached $5.97 million.
The trading implications of this large-scale sell-off are significant. On January 16, 2025, at 10:30 AM UTC, $PEPE's price experienced a 3.5% drop immediately following the sale, moving from $0.0000187 to $0.00001805. The trading volume surged to 1.2 trillion $PEPE tokens within the hour, compared to an average daily volume of 800 billion $PEPE tokens over the past week (Source: CoinGecko, January 16, 2025). This indicates a heightened market reaction to the smart money's exit. Additionally, the $PEPE/BTC trading pair saw a similar price reaction, dropping from 0.00000003 BTC to 0.0000000285 BTC, while the trading volume increased by 40% to 250 million $PEPE tokens (Source: Binance, January 16, 2025). The impact on the broader market sentiment can be observed in the increased volatility, with the $PEPE/USDT pair's 24-hour volatility index rising from 1.2% to 2.1% (Source: CryptoCompare, January 16, 2025).
Technical analysis of $PEPE on January 16, 2025, reveals several key indicators. The Relative Strength Index (RSI) for $PEPE dropped from 65 to 58 following the sell-off, indicating a shift from overbought conditions towards a more neutral stance (Source: TradingView, January 16, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line crossing below the signal line, suggesting potential downward momentum (Source: TradingView, January 16, 2025). On-chain metrics further support this analysis, with the number of active addresses decreasing by 10% to 1.3 million, and the transaction volume dropping by 15% to 450 billion $PEPE tokens within the last 24 hours (Source: Glassnode, January 16, 2025). The $PEPE/ETH pair also experienced a 2.5% price decline, moving from 0.0000005 ETH to 0.0000004875 ETH, with a trading volume of 180 million $PEPE tokens (Source: Uniswap, January 16, 2025). These indicators suggest that traders should closely monitor $PEPE's price movements and be prepared for potential further declines in the short term.
The trading implications of this large-scale sell-off are significant. On January 16, 2025, at 10:30 AM UTC, $PEPE's price experienced a 3.5% drop immediately following the sale, moving from $0.0000187 to $0.00001805. The trading volume surged to 1.2 trillion $PEPE tokens within the hour, compared to an average daily volume of 800 billion $PEPE tokens over the past week (Source: CoinGecko, January 16, 2025). This indicates a heightened market reaction to the smart money's exit. Additionally, the $PEPE/BTC trading pair saw a similar price reaction, dropping from 0.00000003 BTC to 0.0000000285 BTC, while the trading volume increased by 40% to 250 million $PEPE tokens (Source: Binance, January 16, 2025). The impact on the broader market sentiment can be observed in the increased volatility, with the $PEPE/USDT pair's 24-hour volatility index rising from 1.2% to 2.1% (Source: CryptoCompare, January 16, 2025).
Technical analysis of $PEPE on January 16, 2025, reveals several key indicators. The Relative Strength Index (RSI) for $PEPE dropped from 65 to 58 following the sell-off, indicating a shift from overbought conditions towards a more neutral stance (Source: TradingView, January 16, 2025). The Moving Average Convergence Divergence (MACD) showed a bearish crossover, with the MACD line crossing below the signal line, suggesting potential downward momentum (Source: TradingView, January 16, 2025). On-chain metrics further support this analysis, with the number of active addresses decreasing by 10% to 1.3 million, and the transaction volume dropping by 15% to 450 billion $PEPE tokens within the last 24 hours (Source: Glassnode, January 16, 2025). The $PEPE/ETH pair also experienced a 2.5% price decline, moving from 0.0000005 ETH to 0.0000004875 ETH, with a trading volume of 180 million $PEPE tokens (Source: Uniswap, January 16, 2025). These indicators suggest that traders should closely monitor $PEPE's price movements and be prepared for potential further declines in the short term.
Ai 姨
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