PEPE Supply on Exchanges Just Took a Massive Hit – What’s Next?
💸 PEPE experienced a significant net outflow of 4.54 trillion tokens from exchanges, marking its largest daily outflow since November 2024, indicating reduced selling pressure.
📈 The meme coin has traded sideways for two months, with recent focus on market dynamics rather than specific catalysts, leading to speculation that tokens leaving exchanges may strengthen bullish sentiment.
🏦 Institutional interest is growing, as evidenced by Canary Capital's filing for a PEPE-linked ETF, while analysts predict potential returns of 3x to 5x in the next bull cycle, despite concerns over liquidity and concentrated ownership risks.
💸 PEPE experienced a significant net outflow of 4.54 trillion tokens from exchanges, marking its largest daily outflow since November 2024, indicating reduced selling pressure.
📈 The meme coin has traded sideways for two months, with recent focus on market dynamics rather than specific catalysts, leading to speculation that tokens leaving exchanges may strengthen bullish sentiment.
🏦 Institutional interest is growing, as evidenced by Canary Capital's filing for a PEPE-linked ETF, while analysts predict potential returns of 3x to 5x in the next bull cycle, despite concerns over liquidity and concentrated ownership risks.