PEPE Exchange Outflows Hit Nearly 2-Year High as Whales Accumulate
Pepe (PEPE) recorded its largest single-day exchange outflow since November 2024, with 4.54 trillion tokens leaving trading platforms, signaling that holders are moving supply away from immediate selling.
The withdrawal coincides with steady buying from large wallets. It also arrives while the meme coin trades roughly 90% below its December 2024 record high.
PEPE Supply Leaves Exchanges
On-chain analytics firm Santiment reported the 4.54 trillion token outflow. It marked the biggest net exchange withdrawal since November 14, 2024.
Follow us on X to get the latest news as it happens
The firm explained that with less supply sitting on exchanges, fewer tokens are ready for fast sales. That reduces the risk of an abrupt selloff.
The previous comparable outflow occurred during the post-election meme coin rally. Back then, PEPE climbed to fresh highs as speculative demand peaked.
However, this withdrawal comes without a similar frenzy. PEPE has drifted sideways for two months with no major project catalyst.
โฆ Continue reading the full article at the original source below.
