A crypto whale has liquidated his holdings in PEPE, FLOKI, and Worldcoin (WLD), capitalizing on the recent surge in the digital asset market. This move comes in the wake of increased market optimism following the U.S. Federal Reserve’s decision to cut interest rates.
On-chain data reveals that the whale sold **$3.2 million** worth of assets across PEPE, FLOKI, and Worldcoin, earning a $200,000 profit. Specifically, the whale made $110,000 from PEPE, $45,000 from FLOKI, and $44,000 from WLD. While the whale faced losses earlier due to market fluctuations, the Federal Reserve’s decision to reduce policy rates by 50 basis points on September 18 sparked a broader market rally, enabling the whale to profit from the price surge.
Whale movements often signal a **bearish trend** as large sell-offs can influence smaller traders to follow suit. This recent sell-off follows a broader trend, with other whales making similar moves. Earlier this week, an Ethereum whale dumped **$38 million** worth of ETH, adding negative pressure to the market.
Despite the whale’s sell-off, the overall crypto market continues to rise, buoyed by renewed investor confidence following the Fed’s rate cuts. The total crypto market cap has climbed 6%, hitting $2.1 trillion.
Following the Fed’s rate cut, **PEPE** has surged **13%** in the last 24 hours, with **FLOKI** and **Worldcoin** also seeing gains of **10%** and **8%**, respectively. Analysts remain optimistic about further growth, pointing to favorable macroeconomic conditions driving funds into riskier assets like cryptocurrencies. However, profit-taking by large traders may create temporary headwinds for the upward momentum.
