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A big player in the world of Pepe coin has cashed out a large chunk of their holdings, causing the price of the meme coin to wobble. This investor, who got in early on Pepe, sold off 150 billion tokens on a crypto exchange, Binance. The sale amounted to about $1.14 million. It’s a significant move that has caught the attention of people who follow the ups and downs of these digital currencies.
Early Investment Pays Off Big
The story gets even more interesting when we look at how much this investor initially put into Pepe. Reports say they only spent around $2,184 to buy a massive 1.5 trillion Pepe tokens way back when.
A $PEPE OG sold 150B $PEPE($1.14M) again 5 hours ago.
This OG spent only $2,184 to buy 1.5T $PEPE($43M at the peak) in the early stage.
He sold 1.02T $PEPE for $6.66M, leaving 493B $PEPE($3.64M), with a total profit of $10.3M(4,718x).https://t.co/tyzLr10sGj pic.twitter.com/FD6fFpyqCi
— Lookonchain (@lookonchain) March 29, 2025
Now, after selling off some of their stash, this person has already made a profit of $6.66 million. That’s like getting back almost 4,718 times their initial investment. Even after this big sale, they still have a considerable amount of Pepe left – about 493 billion tokens, which are currently worth around $3.64 million.
Price Takes A Dip
News of this large sale seems to have affected the price of Pepe. Over the last day, the value of the coin dropped by about 4.59%, according to the transaction. Other sources are even reporting a slightly bigger drop, over 5%.
Right now, one Pepe coin is trading for about $0.00006976. It’s a reminder that when someone holds a lot of a particular cryptocurrency, their actions can have a real impact on the market price.
Market Shows Signs Of Weakness
It’s not just this big sale that’s putting pressure on Pepe’s price. The total cryptocurrency market has been moving a bit slow recently, and that’s contributing to the negative trend for Pepe.
Although the price is lower, plenty of trading is still going on with Pepe. The trading volume in one day has actually increased by around 3.90% to $421.28 million. That indicates that even with the price decline, individuals are continuing to buy and sell the meme coin.
Technical Indicators Point Downward
Glancing at some of the technical charts that traders follow, things don’t appear too good for Pepe at this moment. One of them, known as the MACD, indicates a bearish signal, which means the price may continue to go down. Another one, the RSI, is in what’s termed “oversold” territory, at 24.55. This generally indicates there’s been considerable selling pressure.
Data also shows that money has been flowing out of Pepe since the middle of January, which isn’t a good sign for its price. Some analysts are even predicting that if Pepe stays below a certain price point, around $0.0000075, it could fall another 20% to about $0.00000585.
Featured image from Gemini Imagen, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
