It’s been a rough month for PEPE. The token is down about 49% over the past few weeks, and large holders (a.k.a. whales) seem to be cashing out big chunks of their holdings. One notable player reportedly sold 175 billion PEPE, worth around $1.5 million, after having accumulated over 600 billion tokens back in mid-2024. Meanwhile, more whale-driven trades keep surfacing, dropping PEPE’s price to around $0.059133 at last check.
Missing the Peak—And the Potential Profits
The whale in question originally sank $7.73 million into PEPE. A chunk of those tokens were sold amid a price surge, but apparently not at the absolute peak—leading to a final profit of only about $348,000. With additional whales offloading their shares at various exchanges, the selling pressure has hammered PEPE’s momentum.
Shifting Focus to HYPE
While PEPE is taking a beating, some whales are pivoting to Hyperliquid (HYPE) instead. Multiple addresses have reportedly dropped several million USDC each to pick up large stacks of HYPE tokens. That’s got traders speculating that HYPE might be the new altcoin darling, at least for the short term.
Can HYPE Break $27?
Right now, HYPE is trading around $22, but analysts say $27 is the key resistance to watch. If it breaks above that level and cements $25 as a solid support, it could set the stage for a run toward $32 or even challenge its all-time high of $42. On the flip side, failure to hold above $27 could open the door for a pullback back to the $20 zone or even $16.
The 100x Take
As always, whales dumping one token and snapping up another can send shockwaves through the market. PEPE’s big slide looks like a classic example of how fast sentiment can flip in the memecoin realm. Meanwhile, HYPE could be stepping into the spotlight—if enough big-money players decide to back it. But keep your eyes peeled: “new altcoin gem” stories often feature plot twists, especially in a down market.
For those riding the wave, just remember you’re in the wild west of crypto. A coin can break resistance—or break hearts—overnight.
