Massive PEPE Whale Sells 130 Billion Tokens: Price Faces Downward Pressure
Release: 2024/11/25 22:34 Reading: 991
Crypto Market in Turmoil: PEPE Whale Sells Big
The crypto market experienced turbulence at the start of the week as a PEPE whale executed a massive sell-off. The whale unloaded 130 billion tokens, redirecting funds into Ethereum-based EIGEN tokens. This strategic move has sparked speculation about the future of both currencies.
PEPE Suffers from Whale's Liquidation
During the past three days, the PEPE whale liquidated a staggering 130.2 billion PEPE tokens, generating over $2.7 million in Ethereum. Despite the sell-off, the whale still holds a significant balance of 3.241 trillion PEPE tokens. However, the whale's actions have put pressure on PEPE's price, which has declined 2% daily and 5% weekly to $0.00002026.
EIGEN Soars Amid Strong Demand
In contrast to PEPE's struggles, EIGEN has witnessed a surge in value driven by strong buy interest. The token surged 7% daily and 23% weekly, reaching a price of $3.06. Its robust performance has drawn investor attention, positioning it as a potential standout in the Ethereum ecosystem.
Market Implications
The whale's shift from PEPE to EIGEN highlights changing market dynamics. PEPE investors must navigate ongoing volatility, while EIGEN's positive momentum has fueled optimism about its growth prospects. Stay informed for the latest updates on these tokens and the broader crypto market.
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