PEPE: WHALE WITHDRAWS OVER $1.4 MILLION FROM EXCHANGES—QUIETLY ACCUMULATING OR PREPARING FOR A BIG MOVE?$PEPE
On-chain data for 08/11 recorded two wallets receiving a total of approximately 290.8 billion PEPE, worth $1.446 million, transferred from MEXC’s hot wallet to external wallets
📊 Key figures
7 days: PEPE withdrawals from tracked exchanges exceeded deposits by approximately $16.8 million.
24 hours: Flows shifted slightly, with deposits to exchanges exceeding withdrawals by approximately $56,000.
🔥 What stands out: Exchange outflows over 7 days point to declining supply on exchanges, but 24-hour data and Futures have yet to confirm dominant buying pressure
On-chain data for 08/11 recorded two wallets receiving a total of approximately 290.8 billion PEPE, worth $1.446 million, transferred from MEXC’s hot wallet to external wallets
📊 Key figures
7 days: PEPE withdrawals from tracked exchanges exceeded deposits by approximately $16.8 million.
24 hours: Flows shifted slightly, with deposits to exchanges exceeding withdrawals by approximately $56,000.
🔥 What stands out: Exchange outflows over 7 days point to declining supply on exchanges, but 24-hour data and Futures have yet to confirm dominant buying pressure