Pepe Coin

Pepe

Coin

<ul class="wp-block-list">
  
 <li>PEPE surged 75% after major exchange listings, sparking excitement and concern.</li>   
 <li>A whale dumped 500B PEPE coins, booking $45 million in profit.</li>   
 <li>Rising social chatter and liquidations signal a potential meme coin selloff ahead.</li> 
</ul>   
<p>Recently, <a href="https://cryptonewsland.com/pepe-too-slow-this-bullish-alternative-offers-faster-and-bigger-gains-19900-growth-potential-from-current-price-act-fast/">Pepe Coin</a> experienced an incredible 75% surge in one day. This massive jump followed listings on major exchanges like Coinbase and Robinhood. However, behind the excitement, something troubling is brewing. A large holder, or whale, recently dumped 500 billion PEPE coins, making $45 million in profit. This move raises fears that other whales could follow suit, triggering a broader selloff across meme coins.</p>   
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   https://twitter.com/Utoday_en/status/1857088196129005895?t=OxIq3FrhzgTUPfND5Ii7fA&amp;s=19 
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<h2 class="wp-block-heading" id="h-whale-cashes-out-with-45-million-profit">Whale Cashes Out with $45 Million Profit</h2>   
<p>Whales have started selling off their massive <a href="https://cryptonewsland.com/whales-are-selling-popular-coins-like-btc-eth-shib-to-buy-pepe/">PEPE holdings</a>. One whale recently sold 500 billion PEPE coins for $11.8 million. This whale had accumulated 2.01 trillion PEPE tokens between May and September 2023. The initial investment was 1,170 ETH, worth $2.12 million at the time.</p>   
<p>Even after the sale, this whale still holds 1.48 trillion PEPE, worth $33.2 million. With a 20x return on investment, the total profit from this move is estimated at $45 million. This suggests whales are shifting from long-term holding to cashing in. Such moves often signal a potential market correction.</p>   
<h2 class="wp-block-heading" id="h-warning-signs-of-a-meme-coin-selloff">Warning Signs of a Meme Coin Selloff?</h2>   
<p>Pepe Coin’s price surge is part of a larger trend. Other <a href="https://coinmarketcap.com/view/memes/">meme coins</a> like DOGE, FLOKI, and BONK also saw big gains in recent days, with some rising over 100%. But the meme coin market is now filled with FOMO and greed, which often leads to sharp pullbacks.</p>   
<p>On-chain data from Santiment shows an increase in social discussions about meme coins. This kind of chatter often precedes market corrections. As <a href="https://blockworks.co/price/pepe">PEPE’s market cap</a> hit new highs and trading volumes soared, caution is starting to replace excitement.</p>   
<p>Open interest in PEPE surged 63%, and 24-hour liquidations topped $48 million. These signs point to an impending selloff. As whales cash out, the frenzy could quickly fade, leaving smaller investors to deal with the fallout.</p>    
<p>The post <a href="https://cryptonewsland.com/500b-pepe-coin-dump-sparks-concerns/">500B Pepe Coin Dump Sparks Concerns Over Meme Coin Selloff</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.</p>

500B Pepe Coin Dump Sparks Concerns Over Meme Coin Selloff

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