PEPE Sees Largest Exchange Outflow Since November

PEPE, the frog-themed meme cryptocurrency, has seen its largest net exchange outflow since November 14, 2024. According to data from Santiment, a staggering 4.54 trillion tokens left trading platforms in the past 24 hours.

This significant withdrawal indicates that holders are choosing to store their assets rather than sell them, reducing the risk of sudden, large-scale sell-offs that typically pressure prices.

The analytics firm noted that PEPE has traded mostly sideways over the past two months. They suggest that outflows occurring without aggressive buying could indicate supply is moving into stronger hands, investors who are less likely to sell quickly, before bullish interest returns.