Blockchain analytics platform Lookonchain has highlighted a notable loss-making trade involving a long-term PEPE holder. According to Lookonchain, a wallet identified as “0x7274” sold 129.15 billion PEPE tokens earlier today at 08:16 a.m. (UTC). The sale was valued at approximately $822,000, marking the end of a position the wallet had held for more than five months.
From Accumulation to Exit at a Loss
Data from Arkham Intelligence shows that the wallet gradually accumulated PEPE months ago, using a mix of USDT and swap transactions routed through liquidity and routing contracts. During the accumulation phase, PEPE prices were significantly higher than at the time of the recent sale.
By exiting the position now, the wallet realized a loss of about $511,000, according to Lookonchain’s estimates. This suggests the tokens were originally acquired at a combined cost of roughly $1.33 million, highlighting how sharply PEPE’s price has retraced since its earlier highs.
Whale’s Transaction History
The transaction history indicates a clean unwind of the position, with PEPE swapped back into stablecoins through aggregator and market-making contracts, Tokenlon. The timing of the sale suggests capitulation rather than profit-taking, as the wallet exited after months of holding through price fluctuations.
Such behavior is often interpreted as a sign of fading conviction or risk management amid continued market uncertainty, especially in the meme coin segment, which is known for sharp rallies followed by deep corrections.
Meanwhile, PEPE has retraced notably from its 2026 peak of $0.000007207. The token is down 12.91% from that high, currently trading at $0.000006276. Despite the pullback, PEPE remains firmly in positive territory for the year, posting a 55.8% gain year-to-date after opening 2026 at $0.000004028 on January 1.
Temitope Olajide
The CoinRemark Team
