New Wallet, DEX Preparation?
📍 On-chain activity attracts attention:
Binance outflows a total of 1.78T PEPE ($22M) from 2 different hot wallets
🎯 What Does This Data Say?
Such transactions are usually:
A new personal custody wallet is established
PEPE funds are delisted from the exchange
📉 Fall in confidence?
📈 DEX preparation?
🧠 Maybe just risk distribution. But the trend is clear:
👉 Capital moving away from CEX is moving on-chain.