175 Billion $PEPE Sold Off But Price Remains Stable: The Mystery Behind the Meme Coin Market

Recently, the cryptocurrency community has witnessed a rather surprising event when 175 billion PEPE tokens were dumped on the market, equivalent to around 17.5 million USD at the current price. What's surprising is that, despite the huge amount of tokens being sold, the price of PEPE has not decreased, prompting many investors and market analysts to ask: What has happened?

1. Overview of Meme Coin PEPE PEPE is one of the emerging meme coins, attracting the attention of investors thanks to its viral nature and strong community support. Although PEPE's market capitalization is modest compared to leading cryptocurrencies, this coin demonstrates outstanding resilience against market volatility. The explosion of PEPE has created a frenzy in the community, with many eagerly seeking opportunities for quick profits.
2. 175 Billion Token Fire Sale Event According to reports, about 175 billion PEPE tokens have been dumped on the market in a short period of time. Although this figure is equivalent to a large value of (17.5 million USD), surprisingly, the price of PEPE did not show immediate signs of decline. This is unusual as large-scale sell-offs often lead to strong selling pressure and push prices down.
3. Hypotheses Explaining Price Stability Some hypotheses have been put forward to explain this phenomenon: Market Absorbs Large Selling Volume: It is possible that the market has absorbed the amount of tokens sold without significantly changing the supply and demand balance. This shows that there may have been some buyers or automated bot systems (bot) jumping at this opportunity to accumulate more PEPE and help maintain a stable price. Support from Buyers: Another possibility is a strong presence of buyers who are willing to immediately purchase the token lots being sold off in order to maintain the price of PEPE. This could stem from the belief that the price of PEPE will increase again or at least not decrease significantly in the future. Foreign Intervention Incentive - Price Manipulation: Some opinions still argue that this sell-off may be a trick to test the market's resilience or even a price manipulation to attract attention from the community. However, up to the present time, there is no clear evidence to confirm this hypothesis.
4. Lessons for Investors The sale of 175 billion PEPE tokens without significantly affecting the market price brings some important lessons for investors: Thorough Research: While PEPE may be considered a "fever" in the meme coin community, investors still need to be cautious, carefully researching market trends and technical as well as fundamental factors of the coin. Understand Market Psychology Clearly: Large-scale sell-off events are often seen as warning signs; however, in the case of PEPE, market sentiment seems to have been adjusted by the optimism or confidence of a large portion of investors. Risk Consideration: Despite the seemingly stable price of PEPE after the sell-off, the cryptocurrency market always contains unpredictable fluctuations. Therefore, investing in meme coins requires investors to always be ready to face high risks.
5. Conclusion The sale of 175 billion PEPE tokens has caused a stir and raised many questions about the current operation mechanism of the cryptocurrency market. The fact that the price of PEPE did not decrease after a large sell-off shows the market's absorption strength or strong support from investors, which may have balanced supply and demand. However, this also emphasizes the importance of understanding market psychology and behavior, as well as always taking a cautious approach when investing in cryptocurrencies, especially meme coins. As always, investors should do their own research and consider all factors before making investment decisions, as market fluctuations always bring unforeseen surprises.