PEPE records the largest daily net outflow from exchanges since November 2024: 454 billion tokens left trading platforms, indicating that holders are withdrawing their funds from immediate sell channels. At the same time, whales continue buying, and this meme coin is about 90% below its all-time high recorded in December 2024. According to BeInCrypto, Santiment said that this outflow was the biggest net withdrawal since November 14, 2024; Nansen data shows that over the last 30 days, the holdings of the 100 largest addresses in PEPE increased by 6.07%, and currently control about 857.97 billion tokens. Smart Money holdings surged 307%.