The recent fluctuations in the cryptocurrency market have drawn attention to the actions of a significant Pepe Coin whale. The whale executed substantial sales of PEPE coin while simultaneously investing heavily in the Ethereum 
$3,490-based EIGEN token. On-chain data reveals that the whale sold 130 billion PEPE coins and acquired over 200,000 EIGEN tokens in the process, sparking considerable debate within the market.
PEPE Coin Sales and Whale Activities
As of November 25, the whale completed a sale of 74.07 billion PEPE coins. This transaction resulted in a sale worth 1.53 million dollars in exchange for 448.1 ETH. Over the following three days, an additional 130.2 billion PEPE coins were sold, yielding profits of 2.71 million dollars for 891 ETH. Nevertheless, the whale retains a significant holding of 3.241 trillion PEPE coins, indicating substantial profit. These sales have influenced the price of PEPE while intensifying speculation regarding the future of the meme coin.
The whale’s interest in EIGEN has also increased. In the past two days, 217,348 EIGEN tokens were purchased for 181.3 ETH. This investment has brought the whale’s total holdings to 1.6 million EIGEN tokens.
Market Price Movements and Future Expectations
While the price of PEPE coin has declined due to the large sales, interest in EIGEN token is rising. The price of PEPE decreased by 2% to 0.00002026 dollars, whereas EIGEN rose to 3.06 dollars. According to analysis from CoinGape Media, the price of PEPE is trending towards 0.000025 dollars. Market participants are keenly observing the potential of the EIGEN token and the future of PEPE coin, making the performance of both tokens uncertain.
