A recent abnormal transaction has reignited discussions in the crypto space. According to blockchain data from Lookonchain, an address quietly offloaded 129.15 billion PEPE tokens on January 8, amounting to approximately $822,000 at the time of sale.
Held Position for Over Five Months Before Exit
The address had been dormant for more than 150 days since initial accumulation. Despite a modest rebound in meme coin sentiment, the holder chose to liquidate their entire position recently. Notably, this move did not result in gains but instead marked a significant loss.
Loss Exceeds $511K, Weighing on Market Sentiment
Data indicates the entry price was substantially higher, and the exit occurred well below cost basis, leading to a total loss of around $511,000. This action suggests some early investors are rushing to cut losses, potentially signaling limited bullish momentum in the near term.
- Quantity sold: 129.15 billion PEPE
- Transaction value: ~$822K
- Holding period: Over 5 months
- Realized loss: ~$511K
As meme coin volatility intensifies, such large-scale moves could further pressure market confidence. Analysts advise investors to monitor on-chain activity closely and carefully assess exposure to high-risk digital assets.