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Pepe Coin Whale Sparks Concerns With 1 Tln PEPE Transfer To Binance, What’s Next?

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9 months ago

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Pepe coin has once again magnetized substantial investor interest across the broader crypto market, primarily with its on-chain dynamics. In the background of PEPE’s remarkable price rally today, a well-known whale has offloaded nearly 1 trillion PEPE to Binance, igniting severe concerns among crypto market participants. Although not yet confirmed to be a sell transaction, the transfer has birthed a domino of bearish sentiments on future price movements.

Let’s take a closer look at why and what Pepe coin’s market dynamics imply for future movements.

Whale Deposits 1.1 Tln Coins To Binance

According to detailed on-chain insights provided by Arkham Intelligence, the whale address 0x837 has executed a series of 3 transactions today, June 26, moving a staggering 1.1 trillion PEPE to Binance. The first two transactions consisted of 400 billion coins each, shifted to Binance. Meanwhile, the third transaction illustrated the transfer of 300 billion coins to the same exchange.

Collectively, $14.42 million worth of PEPE was deposited to Binance, which, if sold at the current price, would result in a loss of $894K. Nonetheless, it’s also worth mentioning that the abovementioned whale still holds 300 billion coins.

A CoinGape Media report further spotlighted the same address’s colossal 700 billion PEPE transfer to Binance yesterday. The reasons behind these transfers remain uncertain, with potential panic selling sentiment as a possible explanation, given the recent turbulence in the crypto market. Nonetheless, the sell order is not confirmed yet.

In the interim, Pepe coin appears to have borne the brunt of implications generated by this transaction. After soaring to a peak of $0.00001326 today, the meme coin’s price waned, per CoinMarketCap’s data. This waning price trajectory comes in tandem with the colossal deposits to Binance today, although PEPE still traded in the green.

Also Read: Top Reasons Why Shiba Inu Coin Price Soaring, Check Target Price As Whales Buy

PEPE Price Soars

As of writing, the PEPE price saw a 6.06% upswing to trade at $0.0000124. The token’s 24-hour bottom was recorded as $0.00001157.

Coinciding with the price rally, Coinglass data shows a market uptrend for Pepe coin as its Futures OI and derivatives volume noted gains. PEPE’s Futures OI jumped 3.63% to $130.59 million, whereas the volume spiked 2.26% to $1.86 billion. This contrasts market sentiments birthed with the massive whale transfers.

Additionally, the RSI undermined the whale transactions, sitting at 52, hinting at broader neutrality for the asset.

Simultaneously, a renowned crypto market enthusiast named ‘Elja’ recently took to X, saying, “PEPE kooks ready for the next leg up. Did you buy the dip?” further weighing the scale more toward the optimistic side for the meme coin.

Elja's post on PEPEElja's post on PEPE

Also Read: Anti-Crypto Jamaal Bowman’s NY 16th Election Loss Shows What’s Coming in 2024 US Elections

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Pepe Coin Whale Sells 150 Billion Tokens, Price Fall Ahead?

Published

48 minutes ago

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March 29, 2025

By


The negative sentiment in the digital currency ecosystem is finally reflected in the Pepe Coin market. According to Lookonchain’s update, one of the memecoin’s whales has initiated a massive selloff. This selloff has further compounded the bearish outlook of the token, further dampening the outlook around the memecoin.

PEPE Whale Selloff, Key Implications

Per the Lookonchain update on X, the PEPE OG sold 150,000,000,000 tokens worth over $1.14 million in early trading. The analytics platform noted that this OG entered the PEPE market earlier. The whale reportedly spent only $2,184 to buy 1.5 trillion PEPE, valued at over $43 million at the peak.

This whale has sold off 1.02 trillion PEPE thus far for $6.66 million. Onchain records show he still has 493 billion PEPE of the original stash. This leftover is worth $3.64 million, representing a total profit of $10.3 million or 4,718x.

Whales selling off an asset is typically not a vote of confidence for the digital currency. This selloff is not uncommon to memecoins, and for PEPE, this may further dampen the negative outlook of the token.

PEPE Coin Price Outlook

Earlier this week, CoinGape reported a 500 billion PEPE accumulation by a whale, a move that many hoped could push the price up. However, the reverse is the case as Pepe Coin price is currently trading for $0.0000073, down 5.57% in past 24 hours.

Despite the broader market downturn, PEPE has come off as one of the biggest losers overall. Per the current setup, the token moved from a 24-hour high of $0.00000787 to its current price. While the token has maintained a marginal growth of 0.54% in the past 7-days, it has registered a 62% drawdown Year-to-Date (YTD).

It remains unknown how the current PEPE Coin outlook will play out. However, a halt in whale selloffs and a shift in the broader memecoin market fundamentals might fuel its recovery.

Crypto Market and Memecoin Rebound

The broader crypto market is down today, facing negative pressures from the economic uncertainty in the broader financial market.

Bitcoin has continued to weigh the altcoins down, explaining the PEPE-correlated selloff. Assets in the memecoin market, like Dogecoin and Shiba Inu, have also been down 5.58% and 3.3% in the past 24 hours.

With the weekend volatility, top assets might see more price drawdowns overall. Analysts are optimistic about BTC’s future recovery, which can have a ripple effect on the broader market.

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Expert Predicts Listing Date For WLFI’s USD1 Stablecoin, Here’s When

Published

3 hours ago

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March 29, 2025

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Nearly a week ago, Donald Trump’s World Liberty Financial (WLFI) annnounced the launch of the USD1 stablecoin but the absence of a listing date continues to stump investors. However, an analyst says the stablecoin will make its debut on exchanges as early as April 1, baring any delays to stablecoin regulation in the US.

Expert Says USD1 Stablecoin Will List On April 1

Pseudonymous crypto analyst xHuai.eth took to X to predict a potential listing date for WLFI’s USD1 stablecoin. According to the analyst, the USD1 stablecoin may be available for trading as early as April 1 in line with industry conventions.

The analsyt disclosed that stablecoins are typically listed on exchanges within days of the annnouncement. WLFI announced the launch of the USD1 stablecoin on March 25 issued on Ethereum and Binance Smart Chain.

xHuai.eth disclosed that stablecoin listings on exchanges hinge on the completion of necessary technical steps. From the announcement, tapping Ehtereum, Binance Smart Chain, and Bitgo for custodial service indicates a completion of the technical steps.

Furthermore, xHuai.eth says that WLFI will be pressured to speed up listing processes to compete with USDT and USDC.

“With the announcement on March 25, the timeframe of March 31 to April 5 is reasonable,” said xHuai.eth. “April 1 is the most feasible date if there are no delays.”

Stablecoin Regulations May Affect The Listing Process

According to xHuai.eth’s analysis, incoming stablecoin regulation in the US will play a role in the USD1 stablecoin listing. The WLFI has previously mentioned that the launch on exchanges hinges on “regulatory approval” for stablecoins.

The US is hurtling toward stablecoin regulations with the GENIUS Act and STABLE Act piquing the interest of the White House. With authorities keen on expediting the passage of regulations, xHuai.eth argues the WLFI will move to list the USD1 stablecoin.

However, a delay in the regulatory process could lead to listing in late April, a scenario that xHuai.eth sees as unlikely. Authorities expect stablecoin regulation to go live in the US within two months driven by full support from the executive arm.

Following the release of the full draft of the STABLE Act, Sonic Labs is abandoning plans for an algorithmic stablecoin. Other issuers are positioning themselves to spearhead the government plans to maintain the dollar’s supremacy using stablecoins.

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Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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Did XRP Price Just Hit $21K? Live TV Display Error Goes Viral

Published

7 hours ago

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March 29, 2025

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The recent XRP price glitch on live American TV has created ripples in the crypto community. In an episode of “American Sunrise Early Edition” on Real America’s Voice, the value of XRP soared to a staggering $21,355, marking a 961,936% uptick from its actual price at the moment.

Notably, other cryptocurrencies like Bitcoin, Ethereum, Solana, Dogecoin, and Cardano also saw variations in their prices during the live TV program. Though the host, Jake Novak, addressed Bitcoin’s price anomaly, he overlooked the XRP glitch.

XRP Price Glitch on Live American TV: Key Details

During an episode of American Sunrise Early Edition on Real America’s Voice, the show displayed incorrect prices for major cryptocurrencies, including Bitcoin and XRP, with the values being significantly different from their actual market prices. For instance, the XRP price was displayed as $21,355, up by more than 961,936% from its actual market value of $2.1.

Throughout the market outlook segment, the XRP price glitch remained on the screen, fluctuating between $2.22 and $21,355. The community largely responded to the incident, drawing the team’s attention to the error.

This incident follows the increasing anticipations of the Ripple lawsuit settlement, driven by the SEC’s recent progressive stance.

XRP’s Repeated Price Glitch

As highlighted by the community members, it’s not the first time that XRP has experienced a price glitch. Historically, the token has seen dramatic price variations due to system errors.

In June 2024, XRP was shown on TradingView at $9,864, a point much higher than its original value. A glitch on Binance presented XRP at $5,791 due to data feed issues in October. In a similar incident, XRP’s value was incorrectly displayed on CoinMarketCap in November 2023, with the platform showing it at $1,919, a significant deviation from its actual market value.

Host Addresses Bitcoin Price Anomaly, Overlooks XRP

Notably, the technical issue on the American live TV has resulted in incorrect price displays for not just XRP, but several other cryptocurrencies. The episode presented Bitcoin’s price at $43,636, marking a significant drop of around 50% from the original value.

Meanwhile, Ethereum (ETH) rose to $6,000, a 156% surge and Solana (SOL) increased to $2,896, up by 1,983%. Dogecoin (DOGE) skyrocketed to $32, a 15,900% increase from $0.22, and Cardano (ADA) increased to $69, a 10,198% rise from $0.67.

Addressing the issue, the show’s host, Jake Novak, stated that the “graph had gone a little funky.” However, he only addressed the Bitcoin price glitch, overlooking the issues with other cryptocurrency values, including XRP.

How XRP Reacts To the Incident?

As of press time, XRP is valued at $2.10, with a notable decline of 5.5% over the past 24 hours. On a weekly and monthly basis, the token has experienced massive dips of 12.9% and 7.3%, respectively.

Despite the prevailing negative trend, the XRP price is facing a positives sentiment within the community. This is significantly evident in the 14.5% surge in the trading volume, currently at $4.18 billion.

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Nynu V Jamal

Nynu V Jamal is a passionate crypto journalist with three years of experience in blockchain, web3, and fintech spheres. She has established herself as a knowledgeable and engaging voice in the cryptocurrency and blockchain space. Her experience as an Assistant Professor in English Language and Literature has further added to her quest for crafting informative, well-researched, and accessible content.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.





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