On-chain data analytics platform Lookonchain has reported a significant transaction made by a top investor known as Nascent in the PEPE cryptocurrency. Nascent sold 175 billion PEPE tokens, worth around $1.5 million, as the price of PEPE attempted to recover from recent drops. This investor had previously bought over 608 billion PEPE tokens for $7.73 million between June and July 2024. However, Nascent missed the best selling window during a price surge in November, resulting in a smaller profit of $348,000. The recent sell-off by Nascent could indicate a positive sign for the market, as it may lead to increased market activity and price surges in the future. Additionally, another whale investor withdrew 375.35 billion PEPE tokens worth $3.73 million from the Binance exchange. Despite a slight decline in the price of PEPE currently, the daily trading volume has increased, suggesting renewed investor interest. The PEPE cryptocurrency has been expanding and recently secured a listing on a major Japanese crypto exchange called Bitflyer.



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