A major transaction involving 500 billion PEPE tokens has stirred discussions in the crypto community as a dormant whale resurfaces. The significant deposit, valued at approximately $5.73 million, was made to Coinbase, signaling a potential sell-off.
A $3K bet turned into $51.25M—now this PEPE whale is making moves again!
After six months of silence, whale “0xc25” deposited 500B $PEPE ($5.73M) to #Coinbase ~11 hours ago.
This whale bought 4.914T $PEPE for just $3.01K on April 15, 2023, gradually cashed out 3.66T $PEPE for… pic.twitter.com/8jLyIcesXE
— Spot On Chain (@spotonchain) January 29, 2025
On-chain analytics reveal that wallet “0xc25,” inactive for six months, made the move, fueling speculation about its impact on PEPE’s price. The whale initially invested only $3,010 in PEPE in April 2023, accumulating 4.914 trillion tokens. Since then, strategic sales have secured over $35.52 million in profits, with 1.25 trillion PEPE tokens—worth around $15.73 million—still held.
This deposit follows another high-profile PEPE movement on Jan. 27, when 430 billion tokens were sent to Binance, resulting in a multimillion-dollar profit. These large transactions suggest whales may be taking profits amid broader market volatility.
PEPE’s price currently sits at $0.00001231, down 3.64% in the past 24 hours, following a broader crypto market decline. The token has lost 22% in a week, continuing its downward trend since hitting an all-time high in December. Investors are also eyeing the Federal Reserve’s upcoming interest rate decision, which could influence overall market sentiment.
A potential recovery above key moving averages could signal renewed strength for PEPE bulls, but for now, whale activity continues to shape its market trajectory.