According to Lookonchain, James Wynn (@JamesWynnReal) sold 240 billion PEPE tokens for $3.32 million to finance a long position in Bitcoin, as tracked by on-chain data (source: Lookonchain, intel.arkm.com). The large-scale PEPE sale resulted in short-term downward pressure on PEPE’s price, reflecting whale activity that could signal further volatility for meme coin traders. Simultaneously, Wynn’s substantial Bitcoin long signals increased confidence in BTC’s upside potential, which may influence sentiment and liquidity flows across the broader crypto market, especially as traders reassess meme coin versus blue-chip allocations (source: Lookonchain, intel.arkm.com).