On the 29th day of March in the year 2024, the estimable firm known as Lookonchain, an entity devoted to chronicling the escapades of the blockchain, didst relay on the platform X (that once rejoiced in the name Twitter) that a most prodigious whale—an early patron of the illustrious PEPE—had chosen to cast aside a staggering quantity of tokens. Verily, this act mayst portend a further descent in the coin’s value, much akin to a colander’s ability to retain water.
According to the sagacious reports from Lookonchain, this particular whale has partaken in the sale of no less than 150 billion PEPE tokens, amounting to a princely sum of $1.14 million, upon the trading platform Binance. Such an act is but a trifling part of a grander narrative, for this whale hath divested 1.02 trillion PEPE tokens, savoring a sweet total of $6.66 million—a profit that could inspire envy in even the most ambitious of financiers—yielding a return of a remarkable 4,718 times its initial investment, all thanks to the whimsical nature of market forces.
Indeed, an original gangster (OG, as the youth of the day might declare) didst relieve himself of 150B tokens, worth $1.14M, less than five hours prior.
This resourceful OG did expend but a meager $2,184 to procure a grand total of 1.5 trillion tokens, which was valued at a pinnacle sum of $43 million during better days.
Having relinquished 1.02 trillion tokens for $6.66 million, the OG is left with 493 billion tokens, still of worth $3.64 million, resulting in an astonishing profit of $10.3 million—truly a feat of remarkable foresight! (4,718x).
— Lookonchain (@lookonchain)
This illustrious investor from the early days acquired 1.5 trillion PEPE tokens at a cost so low as to make even the most frugal spenders green with envy. However, as the prevailing market mood remains as gloomy as a rainy English afternoon, this whale hath taken to liquidating his abundant possessions, perhaps intimating that further declines for PEPE await just around the corner.
Price Outlook
As perchance expected, the whispers of expert analysis convey that PEPE is currently exhibiting a most disheartening bearish trend following a most substantial decline in value. The four-hour chart doth portray a once noble coin traversing within a genteel ascending channel pattern, yet it hath now breached that very lower boundary, concluding a daily candle beneath this critical threshold—oh, the tragedy!
Should PEPE continue to dwell beneath the lamentable threshold of $0.0000075, those knowledgeable in such matters propose that the coin could plunge by an additional 20%, potentially plummeting to the dismal depths of $0.0000058 in the near future. How utterly riveting! 🍵
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2025-03-30 17:04