$PEPE left exchanges at $30.8M today, dwarfing everything else moved, gate and binance both. that kind of size leaving is supply that simply can't hit the market from there, nothing more.

meanwhile link sent $4.2M onto gate and bitget, sitting supply that now can be sold.

crowd is oddly split: doge crowd is 73/26 long and price agrees, up 3.9%. etc crowd is 74/26 long too, price up 12.6%, yet fresh money there is actually net short, -$1.1M. that mismatch, crowd long and money leaning short, is the one worth watching into tomorrow.

NFA