#数字资产行情上升 $BTC $ETH $PEPE

**On-Chain Movement Brief**

According to on-chain data, a well-known whale address recently sold off a large amount of PEPE, totaling 129.15 billion tokens, with a transaction value of approximately $822,000.

Data source: blockbeats
Last updated: 2026-01-08 17:21:56

**Market Observation**

The signals behind this transaction are worth noting — large holders selling at a loss often indicate two possibilities: either they are bearish on the market or they are under financial pressure and need to liquidate quickly. Based on the transaction size and price, this whale chose to exit at a loss, which could trigger a chain reaction.

In the short term, the market may face increased selling pressure, and the risk of follow-on dumping should not be underestimated. However, such large transactions often present opportunities for savvy investors to get in — the actual trend will depend on the market reactions in the coming days.

In the crypto market, every move of on-chain whales tells a story. This time, the story is still being written.