PEPE Whales Dump Holdings to Accumulate Hyperliquid (HYPE)

Cryptocurrency market whale activity shows holders have taken up selling their positions on PEPE to accumulate Hyperliquid (HYPE).

Analysis of cryptocurrency market whale activity reveals a shift in strategy, with large holders selling their PEPE positions to accumulate Hyperliquid (HYPE).

According to on-chain data, venture capital firm Nascent sold the last of their PEPE holdings on Friday, with the sales contributing to the memecoin's recent decline. Nascent had initially acquired 608.85 billion PEPE for a total investment of $7.73 million.

However, despite PEPE's price surging in November 2024, Nascent began selling its holdings but missed the optimal selling window, only making a profit of just $348,000.

? Many whales have recently sold off their entire $PEPE holdings.

0xfBfC…07Be deposited 430B $PEPE($6.39M) to #Binance 9 hours ago.

marketparticipant.eth deposited 325.5B $PEPE($4.9M) to #Binance 24 hours ago.

0xb1a2…6731 sold 200.88B $PEPE for 2.85M $USDC in the past 48… pic.twitter.com/oJlJpEUbtv

?売りがPEPE下落に拍車

年初から鯨が保有する$PEPEがドバドバ売られています。

1月27日に複数の大口保有者が48時間で保有する$PEPEをすべて売却したとLookonchainが確認。

主な取引には、ある鯨アドレスから4300億$PEPE（約639万ドル）をBinanceに入金した取引が含まれます。

These massive sales have contributed significantly to PEPE's poor price performance.

From its 2025 peak, PEPE has dropped by over 45%, pushing its losses to 49% in a month. At the time of writing, the memecoin is trading at $0.059133, down by 3.6% in 24 hours.

Meanwhile, as investors shift their attention from PEPE to HYPE, one whale, by the address 0xfD7A…Ea8d, has deposited 3M USDC to Hyperliquid. The whale then used it to purchase 130,422 HYPE, worth approximately $2.96M.

Another whale, 0x3369…ADdF, has also deposited 6.95M USDC and bought 186,964 HYPE for $4.24M.

The large purchases come as HYPE is showing signs of bottoming out even in its consolidation phase.

According to CoinGecko, HYPE is currently trading at $22. However, market analysts suggest that it could soon breach the $27 resistance level and trigger a rally toward $32.

If HYPE establishes $25 as a support level, it may set the stage for a move toward its ATH of $42. However, failure to breach and hold above $27 could give bears leverage in a initiating a medium-term price correction.

A drop below $20 would likely push HYPE back to $16.

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