On-chain data shows that a large PEPE transfer recently drew attention. An address holding positions for over 5 months cleared 1291.5 billion PEPE tokens an hour ago, with a transaction price of approximately $82,200. Notably, this transaction ultimately ended with a loss of about $51,100—long-term holders, after holding their positions for an extended period, did not see the expected returns and ultimately chose to cut losses and exit. The movement of such large chips often indicates a shift in market participants' confidence and also reflects the true attitude of long-term holders at the current price level.