news 
Title: Pepe Whale Sells 196B Tokens – Is the Memecoin in Trouble?
A recent report has sparked concerns among investors and enthusiasts of the cryptocurrency market as a significant entity, known as a “whale,” has sold a massive amount of PEPE tokens. The whale, identified as wallet “0x373…”, has offloaded an astonishing 196 billion PEPE tokens worth approximately $1.3 million.
The transaction occurred at an average price of $0.000006641 per token, indicating that the whale is not overly concerned about the current market conditions. This sudden and substantial sale has raised questions regarding the potential implications on the memecoin’s price action in the future.
As a result, it appears that PEPE may have lost its previous trajectory, potentially causing issues for investors holding this asset. However, despite the whales’ sell-off, it is essential to consider alternative perspectives on how retail interest in PEPE has been steadily increasing over recent months.
During this timeframe, the token’s adoption witnessed an impressive 560 new holders mark, signaling a surge in retail investor interest. Furthermore, PEPE maintained its strong position among the top 10 cryptocurrencies in terms of daily trading volume.
Source: https://ambcrypto.com/pepe-whale-sells-196b-tokens-is-the-memecoin-in-trouble
