{"id":42581,"date":"2024-12-03T14:18:06","date_gmt":"2024-12-03T14:18:06","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/pepe-whale-offloads-350b-tokens-after-31x-returns-whats-next-for-pepe-price\/"},"modified":"2024-12-03T14:18:06","modified_gmt":"2024-12-03T14:18:06","slug":"pepe-whale-offloads-350b-tokens-after-31x-returns-whats-next-for-pepe-price","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/pepe-whale-offloads-350b-tokens-after-31x-returns-whats-next-for-pepe-price\/","title":{"rendered":"Pepe whale offloads 350B tokens after 31x returns: what\u2019s next for PEPE price?"},"content":{"rendered":"<p><b>(Originally posted on : Invezz )<\/b><br \/>\n<\/p>\n<div><\/div>\n<p>While the markets display optimism as pundits watch the altcoin season unfolding, a cryptocurrency whale attracted the digital asset\u2019s community attention.<\/p>\n<p>The latest blockchain data shows the large-scale investor offloaded 356.2 billion Pepe tokens for 31x profits. <\/p>\n<div class=\"wp-block-kevinbatdorf-xeet-wp xeet-wp\">\n<div class=\"react-tweet-theme Prh5YO6Z7gkcGwVjnX1Q\">\n<article class=\"y3vyxk0KOdMgcSTtzERK\">\n<div class=\"lXRMjX2KYR7IZSOZPFbm\"><a href=\"https:\/\/twitter.com\/spotonchain\/status\/1863814394838442031\" class=\"nkzum3vS9EE0UMk6wIwD\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"gxuhzv6slGlIBy5JFjVm WcDJEE_clZMJavnkfXYk\"><img src=\"https:\/\/pbs.twimg.com\/profile_images\/1720312319375552512\/UzDa84Cn_normal.jpg\" alt=\"Spot On Chain\" width=\"48\" height=\"48\" loading=\"lazy\"><\/div>\n<div class=\"gxuhzv6slGlIBy5JFjVm\">\n<div class=\"jM__a2FZ4FtvadsBSIC5\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<div class=\"BwMePHrH3rvsmYE498nW\"><a href=\"https:\/\/twitter.com\/spotonchain\/status\/1863814394838442031\" class=\"oDvOSSsrnTspryAL9YVt\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"YqFZOCD996i_gAbVzqfJ\"><span title=\"Spot On Chain\">Spot On Chain<\/span><\/div>\n<div class=\"k4aQ6nZmsk6GjbvjPKss\"><\/div>\n<p><\/a><\/p>\n<div class=\"T65hgE51dyqUMzAY5hl0\"><a href=\"https:\/\/twitter.com\/spotonchain\/status\/1863814394838442031\" class=\"jg4rjgPtL89uoWZw81FG\" target=\"_blank\" rel=\"noopener noreferrer\"><span title=\"@spotonchain\">@spotonchain<\/span><\/a><\/p>\n<div class=\"IulIEDncuBnezCKlPUfn\"><span class=\"f9i0GrOk4HWCqDStzGHE\">\u00b7<\/span><a href=\"https:\/\/twitter.com\/intent\/follow?screen_name=spotonchain\" class=\"X9KF8bvQvjpxMkEUAQSg\" target=\"_blank\" rel=\"noopener noreferrer\">Follow<\/a><\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/twitter.com\/spotonchain\/status\/1863814394838442031\" class=\"VAKgDYwbCPjVtzvR7vsi\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"View on Twitter\"><\/a><\/div>\n<p class=\"AdGEHCYjGQTkPV_D5imj\"><span>A whale just deposited 356.2B <\/span><a href=\"https:\/\/twitter.com\/search?q=%24PEPE\" class=\"LuuFAn5qKGMLl5k1L76T\" target=\"_blank\" rel=\"noopener noreferrer\">$PEPE<\/a><span> ($7.3M) to <\/span><a href=\"https:\/\/twitter.com\/hashtag\/Kraken\" class=\"LuuFAn5qKGMLl5k1L76T\" target=\"_blank\" rel=\"noopener noreferrer\">#Kraken<\/a><span>, securing a massive $7.3M profit (31x return)!<\/p>\n<p>On Sep 20, 2023, this whale withdrew 375.65B <\/span><a href=\"https:\/\/twitter.com\/search?q=%24PEPE\" class=\"LuuFAn5qKGMLl5k1L76T\" target=\"_blank\" rel=\"noopener noreferrer\">$PEPE<\/a><span> from <\/span><a href=\"https:\/\/twitter.com\/hashtag\/Gemini\" class=\"LuuFAn5qKGMLl5k1L76T\" target=\"_blank\" rel=\"noopener noreferrer\">#Gemini<\/a><span> for just $237K.<\/p>\n<p>By Feb 17, 2024, the whale began offloading via DEX and Kraken, allegedly cashing out $7.54M in\u2026<\/span><\/p>\n<div class=\"cacqfhueggAloScon8Ff vbELv9queVpQp7_WI5IK\">\n<div class=\"lA2IAt33tV3Va0ux5nae\"><a href=\"https:\/\/twitter.com\/spotonchain\/status\/1863814394838442031\" class=\"cMOXrU0jLUAJlX48teJs qKjwtPPLFbJmZprUT2qh\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"qnLhJK8xTTrk0D3Cnl3W\" style=\"padding-bottom:61.323392357875115%\"><\/div>\n<p><img src=\"https:\/\/pbs.twimg.com\/media\/Gd2ZKCAakAAvGKj?format=jpg&amp;name=small\" alt=\"Image\" class=\"_pM7v0lMKodnLxq5lHUq\" loading=\"lazy\"><\/a><\/div>\n<\/div>\n<div class=\"_0kiDv1j1JHI8CF0Ntb_\"><a class=\"PF6M5QdjvCYeUIeL82Pw\" href=\"https:\/\/twitter.com\/spotonchain\/status\/1863814394838442031\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"8:15 AM \u00b7 Dec 3, 2024\">8:15 AM \u00b7 Dec 3, 2024<\/a><a class=\"EUWNvie68q0hB7x9gYil\" href=\"https:\/\/help.twitter.com\/en\/twitter-for-websites-ads-info-and-privacy\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Twitter for Websites, Ads Information and Privacy\"><\/a><\/div>\n<div class=\"r1nP5SJS7VNmWTX19Auq\"><a class=\"gcUKEvUouWctDVs4Uni5\" href=\"https:\/\/twitter.com\/intent\/like?tweet_id=1863814394838442031\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Like. This Tweet has 40 likes\"><\/p>\n<div class=\"EYp9rp32FVnHEztzLqMG\"><\/div>\n<p><span class=\"aMeAuAqW2H34ePc2jorL\">40<\/span><\/a><a class=\"We700JQVK913TW5TZQk6\" href=\"https:\/\/twitter.com\/intent\/tweet?in_reply_to=1863814394838442031\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Reply to this Tweet on Twitter\"><\/p>\n<div class=\"SXNJIS9giXWKxuUsSwXx\"><\/div>\n<p><span class=\"qAurmX5F17a0m0GbrhOq\">Reply<\/span><\/a><button type=\"button\" class=\"EDcxfgdhQDFSaBs5yAxC\" aria-label=\"Copy link\" data-xeet-url-to-copy=\"https:\/\/twitter.com\/spotonchain\/status\/1863814394838442031\"><\/p>\n<div class=\"O1W4EuB8WU92_ex7pGQT\"><\/div>\n<p><span class=\"ovn4FbJMqbXsfiK7gvth\" data-copy-text=\"{&quot;copied&quot;:&quot;Copied!&quot;,&quot;copyAllText&quot;:&quot;Copy link to Tweet&quot;}\">Copy link<\/span><\/button><\/div>\n<div class=\"cjgWV81BwLW_tK8FicCg\"><a class=\"tczCx_QJsiI5O2NPUrfI\" href=\"https:\/\/twitter.com\/spotonchain\/status\/1863814394838442031\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"LW1dI56xN0L7kAXJota7\">Read more on Twitter<\/span><\/a><\/div>\n<\/article>\n<\/div>\n<\/div>\n<p>The transaction has raised worries as it suggested that PEPE has topped after its recent surges.<\/p>\n<p>Notably, the massive dump comes after PEPE gained around 145% within the past month, confirming profit-taking.<\/p>\n<h2 class=\"wp-block-heading\">PEPE\u2019s profit-booking kicks in: whale dumps billions of tokens<\/h2>\n<p><a target=\"_blank\" href=\"https:\/\/platform.spotonchain.ai\/en\/profile?address=0x5b75499cb327a31f76d96acb25c97ce61987fbda\" rel=\"noopener\">Spotonchain data<\/a> revealed the significant whale transaction. <\/p>\n<p>The investor sent a whopping 356.2 billion PEPE tokens, worth approximately $7.3 million, to the Kraken crypto exchange, netting 31x profits on his initial investment.<\/p>\n<p>Meanwhile, the asset transfer underscored the investor\u2019s strategic investment approach. <\/p>\n<p>Further details show the trader initially accumulated 375.65 billion coins, worth 237K at then prices, from Gemini on 20 September 2023.<\/p>\n<p>Despite the small investment, PEPEs\u2019 remarkable performance made it a million-dollar stake. <\/p>\n<p>Meanwhile, the whale started selling PEPE through Kraken and DEXs in Feb 2024, cashing out $7.54 million \u2013 a 310% profit \u2013 after sales completion.<\/p>\n<p>The whale movements show why timing is crucial in the crypto world, where players accumulate at discounted prices and sell higher for remarkable returns.<\/p>\n<p>Moreover, the transaction raised worries as it depicted faded trust in PEPE\u2019s continued surges. <\/p>\n<p>Large-scale investors often quit before substantial retracements, which are somewhat usual after massive gains.<\/p>\n<h2 class=\"wp-block-heading\">PEPE\u2019s price outlook<\/h2>\n<p>The frog-themed crypto traded at $0.00002046 after a 0.60% increase within the past day.<\/p>\n<figure class=\"wp-block-image inv-component-break-container size-full\"><img width=\"753\" height=\"288\" src=\"https:\/\/ik.imagekit.io\/invezz\/uploads\/2024\/12\/image-12.png\" alt=\"\" class=\"wp-image-2336057\" loading=\"lazy\" \/><\/figure>\n<p>Meanwhile, bearish tendencies appear visible amid whale sell-offs. PEPE has seen a 40% dip in daily trading volume, confirming fading trader interest.<\/p>\n<p>The prevailing weakness emerged after the token surged 10% and 145% in the past week and month, sparking optimism.<\/p>\n<p>Furthermore, the markets remain positive, with all eyes on the much-awaited altcoin season.<\/p>\n<h2 class=\"wp-block-heading\">Are we in an altcoin season?<\/h2>\n<p>While Bitcoin fails to overcome the $100,000 mark, Blockchaincenter&#8217;s data shows the crypto sector entered an alt season.<\/p>\n<p>The index has climbed from 23 in early November to 80 at press time. <\/p>\n<figure class=\"wp-block-image inv-component-break-container size-full\"><img width=\"996\" height=\"481\" src=\"https:\/\/ik.imagekit.io\/invezz\/uploads\/2024\/12\/image-13.png\" alt=\"\" class=\"wp-image-2336063\" loading=\"lazy\" \/><figcaption class=\"wp-element-caption\">Source &#8211; <a target=\"_blank\" href=\"https:\/\/www.blockchaincenter.net\/en\/altcoin-season-index\/\" rel=\"noopener\">blockchaincenter<\/a><\/figcaption><\/figure>\n<p>An altcoin season occurs when the index surpasses 75%, meaning 75% of the top 50 cryptocurrencies, excluding asset-backed coins (such as stETH &amp; WBTC) and stablecoins, outperform Bitcoin in a 90-day timeframe.<\/p>\n<p>Moreover, the latest X post by Binance\u2019s former CEO has hinted at the start or continuation of an altcoin season.<\/p>\n<div class=\"wp-block-kevinbatdorf-xeet-wp xeet-wp\">\n<div class=\"react-tweet-theme Prh5YO6Z7gkcGwVjnX1Q\">\n<article class=\"y3vyxk0KOdMgcSTtzERK\">\n<div class=\"lXRMjX2KYR7IZSOZPFbm\"><a href=\"https:\/\/twitter.com\/cz_binance\/status\/1863846884529377485\" class=\"nkzum3vS9EE0UMk6wIwD\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"gxuhzv6slGlIBy5JFjVm\"><img src=\"https:\/\/pbs.twimg.com\/profile_images\/1781374522966601732\/HA_dnDvL_normal.jpg\" alt=\"CZ \ud83d\udd36 BNB\" width=\"48\" height=\"48\" loading=\"lazy\"><\/div>\n<div class=\"gxuhzv6slGlIBy5JFjVm\">\n<div class=\"jM__a2FZ4FtvadsBSIC5\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<div class=\"BwMePHrH3rvsmYE498nW\"><a href=\"https:\/\/twitter.com\/cz_binance\/status\/1863846884529377485\" class=\"oDvOSSsrnTspryAL9YVt\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"YqFZOCD996i_gAbVzqfJ\"><span title=\"CZ \ud83d\udd36 BNB\">CZ \ud83d\udd36 BNB<\/span><\/div>\n<div class=\"k4aQ6nZmsk6GjbvjPKss FgA7vJPvpWgsyInO1FMI\"><\/div>\n<p><\/a><\/p>\n<div class=\"T65hgE51dyqUMzAY5hl0\"><a href=\"https:\/\/twitter.com\/cz_binance\/status\/1863846884529377485\" class=\"jg4rjgPtL89uoWZw81FG\" target=\"_blank\" rel=\"noopener noreferrer\"><span title=\"@cz_binance\">@cz_binance<\/span><\/a><\/p>\n<div class=\"IulIEDncuBnezCKlPUfn\"><span class=\"f9i0GrOk4HWCqDStzGHE\">\u00b7<\/span><a href=\"https:\/\/twitter.com\/intent\/follow?screen_name=cz_binance\" class=\"X9KF8bvQvjpxMkEUAQSg\" target=\"_blank\" rel=\"noopener noreferrer\">Follow<\/a><\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/twitter.com\/cz_binance\/status\/1863846884529377485\" class=\"VAKgDYwbCPjVtzvR7vsi\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"View on Twitter\"><\/a><\/div>\n<p class=\"AdGEHCYjGQTkPV_D5imj\"><span>Which key is available on Windows and Linux, but not on Mac?<\/span><\/p>\n<div class=\"cacqfhueggAloScon8Ff vbELv9queVpQp7_WI5IK\">\n<div class=\"lA2IAt33tV3Va0ux5nae\"><a href=\"https:\/\/twitter.com\/cz_binance\/status\/1863846884529377485\" class=\"cMOXrU0jLUAJlX48teJs qKjwtPPLFbJmZprUT2qh\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"qnLhJK8xTTrk0D3Cnl3W\" style=\"padding-bottom:60%\"><\/div>\n<p><img src=\"https:\/\/pbs.twimg.com\/media\/Gd21o_VWIAAeCV7?format=jpg&amp;name=small\" alt=\"Image\" class=\"_pM7v0lMKodnLxq5lHUq\" loading=\"lazy\"><\/a><\/div>\n<\/div>\n<div class=\"_0kiDv1j1JHI8CF0Ntb_\"><a class=\"PF6M5QdjvCYeUIeL82Pw\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1863846884529377485\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"10:25 AM \u00b7 Dec 3, 2024\">10:25 AM \u00b7 Dec 3, 2024<\/a><a class=\"EUWNvie68q0hB7x9gYil\" href=\"https:\/\/help.twitter.com\/en\/twitter-for-websites-ads-info-and-privacy\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Twitter for Websites, Ads Information and Privacy\"><\/a><\/div>\n<div class=\"r1nP5SJS7VNmWTX19Auq\"><a class=\"gcUKEvUouWctDVs4Uni5\" href=\"https:\/\/twitter.com\/intent\/like?tweet_id=1863846884529377485\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Like. This Tweet has 10.6K likes\"><\/p>\n<div class=\"EYp9rp32FVnHEztzLqMG\"><\/div>\n<p><span class=\"aMeAuAqW2H34ePc2jorL\">10.6K<\/span><\/a><a class=\"We700JQVK913TW5TZQk6\" href=\"https:\/\/twitter.com\/intent\/tweet?in_reply_to=1863846884529377485\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Reply to this Tweet on Twitter\"><\/p>\n<div class=\"SXNJIS9giXWKxuUsSwXx\"><\/div>\n<p><span class=\"qAurmX5F17a0m0GbrhOq\">Reply<\/span><\/a><button type=\"button\" class=\"EDcxfgdhQDFSaBs5yAxC\" aria-label=\"Copy link\" data-xeet-url-to-copy=\"https:\/\/twitter.com\/cz_binance\/status\/1863846884529377485\"><\/p>\n<div class=\"O1W4EuB8WU92_ex7pGQT\"><\/div>\n<p><span class=\"ovn4FbJMqbXsfiK7gvth\" data-copy-text=\"{&quot;copied&quot;:&quot;Copied!&quot;,&quot;copyAllText&quot;:&quot;Copy link to Tweet&quot;}\">Copy link<\/span><\/button><\/div>\n<div class=\"cjgWV81BwLW_tK8FicCg\"><a class=\"tczCx_QJsiI5O2NPUrfI\" href=\"https:\/\/twitter.com\/cz_binance\/status\/1863846884529377485\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"LW1dI56xN0L7kAXJota7\">Read 2.6K replies<\/span><\/a><\/div>\n<\/article>\n<\/div>\n<\/div>\n<p>While PEPE momentum has weakened due to profit-taking, broad market sentiments show any plunge will be short-lived. <\/p>\n<p>Data shows the crypto space is in an altcoin season, positioning alts for explosive uptrends in the upcoming sessions.<\/p>\n<p>Such environments will see PEPE eyeing the $0.00015100 target in the next bullish wave \u2013 an over 630% gain from current prices.<\/p>\n<p>The post <a href=\"https:\/\/invezz.com\/news\/2024\/12\/03\/pepe-whale-offloads-350b-tokens-after-31x-returns-whats-next-for-pepe-price\/\">Pepe whale offloads 350B tokens after 31x returns: what&#8217;s next for PEPE price?<\/a> appeared first on <a href=\"https:\/\/invezz.com\/\">Invezz<\/a><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/invezz.com\/news\/2024\/12\/03\/pepe-whale-offloads-350b-tokens-after-31x-returns-whats-next-for-pepe-price\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Invezz ) While the markets display optimism as pundits watch the altcoin season unfolding, a cryptocurrency whale attracted the digital asset\u2019s community attention. The latest blockchain data shows the large-scale investor offloaded 356.2 billion Pepe tokens for 31x profits. Spot On Chain @spotonchain \u00b7Follow A whale just deposited 356.2B $PEPE ($7.3M) [&hellip;]<\/p>\n","protected":false},"author":3947362363,"featured_media":42582,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[39],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42581"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362363"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=42581"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42581\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/42582"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=42581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=42581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=42581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}