Pepe Price Surges on Whale Accumulation and Social Buzz
Pepe (PEPE) experienced a significant price surge of 3.02% over the last 24 hours, driven by large exchange outflows and whale accumulation, as well as strong social buzz.
A record-breaking $4.54 trillion in PEPE tokens left centralized exchanges (CEXs) in one day, marking the largest single-day exchange outflow since November 2024.
This movement of assets is seen by some as a shift into self-custody rather than sell-pressure on exchanges, reducing immediately sellable supply and being viewed as a potentially bullish structural signal by traders.
Top-100 PEPE holders have increased their balances by roughly 6.07% over the past 30 days, now controlling around $86 trillion in tokens, described as a 'classic supply transfer from traders to conviction wallets'.