PEPE Whale Sells Assets, Earns Nearly IDR 95 Billion Profits

The PEPE whale sells assets, up a profit of almost Rp95 billion (Photo; Doc. Wire The Arabian Post)

JAKARTA - Recently, the PEPE whale recorded a large profit by selling its assets. In the past hour, the whale shipped 400 billion PEPE tokens to Binance, worth about 4.22 million US Dollars (approximately IDR 68.4 billion). After this transaction, the whale still has 395.93 billion PEPE worth 4.18 million US Dollars (approximately IDR 67.8 billion). Previously, on March 1, this whale had attracted 795.92 billion PEPE worth 2.55 million US Dollars (approximately IDR 41.3 billion) from Binance.

With the ROI (Return on Investment) reaching 230%, the total profit achieved by this whale reached 5.85 million US Dollars (around Rp. 94.9 billion). This step was taken amid the recent decline in PEPE prices reaching a crucial point above the Exponential Moving Average (EMA) 50 level, which often functions as a level of strong support.

According to information from U.Today, based on the PEPE/USDT graph, PEPE prices are currently at around 0.00001055 US Dollars (around Rp0.17), just above the EMA 50 level. The Relative Strength Index (RSI) indicator shows a value of 54, indicating a slowing down trend but has not yet reached the oversold level.

Massive sales by these whales as well as price drop raise fears of a greater possible selling pressure in the market. The next level of support that needs to be monitored is around 0.00001046 US Dollars (approximately Rp0.17) and 0.00000846 US Dollars (approximately Rp0.14). If PEPE fails to maintain its position above the EMA 50, prices could experience further decline. However, if PEPE is able to stay above this level, there is a possibility of stabilization and interest of buyers at lower price levels. This level has previously been a strong foundation for PEPE to stabilize and may even experience a resurgent rise.

Significant movement by large holders like this often causes high volatility and further price reductions. Traders are advised to be careful in making decisions in the midst of situations like this. However, if PEPE is able to maintain its level of support, there is an opportunity for this asset to attract buyers who see potential increases in the future.