PEPE Exchange Reserves Take a Major Hit - Is a New Rally Coming Next?
TL;DR:
- Record Withdrawal: The cryptocurrency network recorded a daily net outflow of 4.54 trillion PEPE tokens from centralized trading platforms.
- Holder Metrics: A total of 571,613 unique wallet addresses hold the token on the Ethereum blockchain.
- Institutional Filing: Asset manager Canary Capital filed an S-1 registration statement with the US SEC to structure a spot ETF.
The outflow from PEPE exchanges over the past 24 hours stood at 4.54 trillion tokens. This figure represents the memecoin’s largest daily withdrawal from centralized platforms logged since November 14, 2024.
Live Chart: https://t.co/Y2rBKdxt5x
$PEPE just saw 4.54T coins move off exchanges in one day. That’s the memecoin’s largest net exchange outflow since November 14, 2024.
Fewer coins on exchanges means fewer tokens ready for fast selling, which lowers the risk of a… pic.twitter.com/iY6SEJQJqf
- Santiment Intelligence (@SantimentData) August 5, 2026
Analysis from the on-chain metrics firm Santiment indicates that the reduction of tokens on exchanges could decrease immediate selling pressure on the asset. The firm noted that, based on current trends, when coins leave platforms while overall volume remains moderate, supply typically shifts to long-term holders awaiting a change in market sentiment.
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