PEPE Exchange Outflows Hit Near-Historic High Amid Whale Accumulation

PEPE (PEPE) experienced its largest single-day exchange outflow in nearly two years, with a staggering 4.54 trillion tokens leaving trading platforms. This significant withdrawal coincides with steady buying from large wallets and arrives while the meme coin trades roughly 90% below its December 2024 record high of $0.000028.

The data comes from on-chain analytics firm Santiment, which reported that this outflow marks the biggest net exchange withdrawal since November 14, 2024. With less supply sitting on exchanges, fewer tokens are ready for fast sales, reducing the risk of an abrupt selloff.

This accumulation signals a potential shift in PEPE's market dynamics, with top 100 wallets adding 6.07% to their holdings over the past 30 days, now controlling about 85.97 trillion tokens. Additionally, Smart Money holdings jumped ~307% to ~108 billion tokens, indicating that supply is shifting toward longer-term holders.