On Tuesday, a large PEPE whale sold 262 billion tokens, sparking speculation as the market continued its bullish trend. Data from Lookonchain indicates that the whale transferred its capital to ONDO, raising concerns among investors about the future of PEPE’s uptrend. The whale sold 261.8 billion PEPE tokens worth $2.12 million, resulting in a $7.05 million loss. This hefty loss has raised worries about the high fluctuations in the market. Despite recent sharp declines, the cryptocurrency market has recovered, with PEPE’s price growing by 9.13% daily to $0.000008431. Analysts speculate that the whale’s sale was to prevent further losses. However, data shows that the whale also sold 531.7 billion BEAM tokens worth $4.1 million, incurring another $7.01 million loss. On the other side, the whale purchased 5.25 million ONDO tokens using 6.26 million DAI tokens. ONDO’s price also increased by 10% to $1.12 after this transaction. This price hike aligns with the overall bullish trend in the cryptocurrency market, driven by Donald Trump’s executive order to establish strategic crypto reserves.
