Whale Dumps 262 Billion PEPE Tokens to Load Up on ONDO!
Jakarta, Pintu News – A Pepe Coin whale sparked huge speculation on Monday after offloading 262 billion tokens, despite the market still being on an uptrend. Based on on-chain data, the whale appears to have shifted its investment to another token, Ondo (ONDO).
This sell-off has led market participants to speculate that the profit potential of the frog-themed meme token is starting to diminish, while DAO cryptos like ONDO are still showing a bullish trend.
Whale Pepe Coin Sells 262 Billion PEPE at a Big Loss
According to a Lookonchain report on X on March 3, a Pepe Coin (PEPE) whale sold 261.8 billion tokens worth $2.12 million, resulting in a loss of $7.05 million.
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Data shows that the whale previously accumulated $9.18 million worth of PEPE, before finally unwinding it amid market volatility.
This huge loss has sparked investor concerns regarding the volatility of the meme coin market. Previously, PEPE and other crypto assets experienced a sharp decline due to macroeconomic factors and liquidity constraints.
However, crypto prices managed to recover, with PEPE up almost 10% in a single trading day. The whale’s decision to sell amid this recovery was likely done to minimize further losses.
In addition to selling PEPE, the whale also offloaded 531.7 billion BEAM for $4.1 million, resulting in an additional loss of $7.01 million. Based on the data, the proceeds from these two large sales were apparently diverted to buy ONDO tokens, signaling a shift in the whale’s investment strategy in the crypto market.
ONDO Accumulation Triggers Speculation Amid 10% Rise
Based on on-chain data, a whale recently purchased 5.25 million ONDO tokens for 6.26 million DAI, indicating growing interest in the asset. Meanwhile, the price of ONDO had jumped nearly 10% on March 3, 2024, trading at around $1.12.
This rise is in line with the bullish trend in the overall crypto market. On March 3, 2025, Bitcoin price briefly returned to the $95,000 level, followed by a rally in altcoins reflecting broader market optimism.
Moreover, the positive sentiment was further strengthened after US President Donald Trump announced plans for a Strategic Crypto Reserve that includes Bitcoin (BTC), Ethereum , XRP, Solana , and Cardano . This announcement seemed to trigger a surge in investor confidence around the world.
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How does PEPE Price Perform?
Despite the massive sell-off by whales, the price of Pepe Coin (PEPE) still joined the crypto market rally party, rising 7% to $0.000008282 (3/3/25).
Throughout the day, the price of PEPE moved within a range of $0.000007569 to $0.000008932, showing high volatility amid broader market sentiment.
Market analyst Crypto-Zeus also joined the discussion on X, stating, “Good time to be a PEPE holder.” This optimism is largely attributed to the green signal from Donald Trump towards the crypto market, as mentioned earlier.
Currently, market participants are still monitoring the price movements of PEPE and other tokens, looking for further indications regarding potential future price trends.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- Coingape. Pepe Coin Whale Shifts Focus To This Crypto; Sells 262B PEPE. Accessed on March 4, 2025
