A major PEPE whale, Nascent, recently sold 175 billion PEPE, but this move might indicate a potential bullish trend for the meme coin. Nascent, known for its large PEPE holdings and active trading, recently sold a significant chunk of its PEPE, but also recently bought 375.35 billion PEPE from Binance. This pattern, along with increased trading volume for PEPE, suggests that Nascent may be anticipating a price surge and is strategically positioning itself for future gains.
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We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.On Friday, a large investor known as Nascent sold 175 billion PEPE, valued at approximately $1.5 million. This transaction took place as PEPE attempted to recover from persistent price drops, shedding a zero in the process. Notably, Nascent remains a persistent PEPE whale, conducting regular purchases and sales. For instance, between June 6 and July 15, 2024, Nascent acquired 608.85 billion PEPE worth $7.73 million.Subsequently, Nascent initiated selling its PEPE holdings when the price surged on November 13, 2024. However, the investor missed the optimal selling window, resulting in a profit of only $348,000. This underscores the influence of market timing on investment outcomes and emphasizes that the volatility inherent in crypto markets often presents both opportunities and challenges. The recent sell-off of PEPE by Nascent could, however, signal a positive development for the market. It suggests that Nascent might need to repurchase PEPE in the future, potentially leading to increased market activity and, consequently, price surges.Adding to this trend, Nascent acquired 375.35 billion PEPE worth $3.73 million from the Binance exchange. This transaction aligns with a broader pattern of whales accumulating meme coins like PEPE and WIF from Binance. As of now, PEPE is trading at $0.000009155, down 4.47% in the last 24 hours. However, the daily trading volume has increased by 4.8% to $911.28 million, indicating renewed investor interest.Shiba Inu Stuns With 5,277% Netflow Surge; Looming Price Reversal
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