PEPE sees 4.54T token outflow - Is a bear trap about to unfold?
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4 Articles
Key points of the news: Record withdrawal: The cryptocurrency network recorded a net daily output of 4.54 billion PEPE tokens from centralized trading platforms. Fork metrics: A total of 571,613 single wallet addresses own the token in the Ethereum blockchain. Institutional request: The Canary Capital manager presented the S-1 registration statement to the US SEC to structure a spot ETF. The output flow from PEPE's exchanges during the last 24 h…
PEPE Supply on Exchanges Just Took a Massive Hit - What's Next?
PEPE recorded a net exchange outflow of 4.54 trillion tokens in a single day, which was the meme coin’s largest daily outflow from exchanges since November 14, 2024. Fewer tokens on exchanges mean less immediate selling pressure. Exchange Exodus According to the latest findings by Santiment, PEPE has traded mostly sideways over the past two months. Recent market commentary has focused on meme coin rotation, weak funding, and support level testin…
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