PEPE Whale Dumps 314B PEPE ($3.16M), Converts to ETH/USDC and Buys EIGEN, PUMP & XPL After $1.84M USDC HyperLiquid Deposit

COINOTAG News (Oct 3) — According to Onchain Lens monitoring, a PEPE whale sold 314 billion PEPE tokens (≈ $3.16M), swapping proceeds for 668.35 ETH and 203,000 USDC. The address then deployed 267.66 ETH (≈ $1.178M) to acquire 697,500 EIGEN tokens, converted additional ETH into USDC, and deposited $1.837M USDC into the HyperLiquid platform. From that liquidity, $1.02M purchased 151 million PUMP tokens, while $1.09M bought 1.11 million XPL tokens.

The on-chain sequence documents a clear capital reallocation across memecoins and emerging alt positions. Market participants and analysts tracking PEPE whale activity and EIGEN tokens flows should note the concentrated liquidity movement and platform-side deposits as verifiable on-chain events, useful for liquidity and risk assessment rather than price prediction.