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A large PEPE transaction raises questions in the cryptographic community. A whale recently exchanged hundreds of billions of pepe tokens against millions with Dai, a stablecoin. This whale transaction sparked a discussion in the ecosystem on what it means for the future of the memes play.
In a recent development, an anonymous crypto sold 723.67 billion PEPE tokens by Binance, or 4.63 million DAI, according to Lookonchain data.
The transaction occurred around 09:29 UTC and was confirmed by an image showing the details. When the sale was launched, the PEPE price was set at approximately $ 0.00,000,6398 per token.
A whale has just sold 723.67b $ Pepe For 4.63 m $ Dai! pic.twitter.com/vcqfkkzfvp
– Lookonchain (@lookonchain) April 9, 2025
It should be noted that it is another time that a large holder has moved a significant amount of pepe this year. Last month, a whale withdrew 500 billion Pepe, valued at more than $ 4.3 million, from Binance.
Although this sale may seem minor compared to the Total Pepe Traffic offer, it could still have an impact on the feeling of the market. This decision can affect the participation of retail investors, because the price fluctuations that accompany are generally overflowing their portfolios.
Unfortunately, this can develop a negative feeling on the market towards the project by smaller holders, resulting in an additional price drop. Pepe, a piece of memes which is strongly based on community interest and social media trends rather than usefulness, is particularly sensitive to such movements.
Speaking on the incident, an X user, Duckd1ve, spoke about the concern of the remaining liquidity and urged developers to act before the situation worsens.
A lot of liquidity remains but for how long. Developers do something … lol
– 🌊 (@ duckd1ve) April 9, 2025
After the sale, Coinmarketcap Data fixes the price of PEPE at 0.000000006310, down 0.78% in 24 hours.
Since the PEPE transaction, there have been speculation that the whale could predict to invest in another alternative cryptocurrency using the DAI of 4.63 million. Some users have mentioned the taxi as a next stop for funds. If this could attract the attention of Pepe even more, exerting additional pressure on the price.
Pepe faces resistance around $ 0.00,00075. An escape above this level could potentially trigger a 40%rally. However, despite these upward perspectives, the latest developments have aroused concern.
The best piece of memes has gained popularity in recent years; However, community feeling has contributed to supporting its growth. Despite the current sale, the token has rebounded dips in the past.
Since he reached the top 100 in 2023, he has not fallen below this level. In the midst of current perspectives, the next few days show whether the community can rally behind the token to rekindle its growth again.
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Non-liability clause: Coinspeaker undertakes to provide impartial and transparent reports. This article aims to provide precise and timely information, but should not be considered as financial or investment advice. Since market conditions can change quickly, we encourage you to check the information for yourself and consult a professional before making decisions according to this content.
Benjamin Godfrey is a blockchain enthusiast and a journalist who savor the writing of actual applications for blockchain technology and innovations to stimulate general acceptance and global integration of emerging technology. His desire to educate people on cryptocurrencies inspires his contributions to renowned media and blockchain sites.
post url: https://altcoin.observer/723-67-billion-pepe-for-4-63-million-dai-what-happens/
