$PEPE
🚨 Pepe Coin Price in Focus as Whale Withdraws 1.5 Trillion PEPE 🚨
Pepe Coin price eyes gains as data from on-chain tracker Lookonchain shows that an address holding $147M in assets has withdrawn 1.5 trillion PEPE tokens valued at around $13.3 million from Binance. The withdrawal comes as the meme coin records a drastic surge in the supply held on exchanges, an issue that could trigger a supply squeeze.
Data from Santiment also shows that the supply of Pepe Coin held on exchanges has plummeted to 107 trillion tokens, and it sits at the lowest level in one year. This falling supply is indicative of traders steadily withdrawing their coins from exchanges, an indication that a notable surge in demand could fuel a parabolic rally.
These withdrawals have coincided with a bullish Pepe Coin price forecast from analysts, with one stating that the meme coin may be on the verge of a 130% rally to $0.000021. The analyst based this prediction on the pending breakout from a descending trendline, which may spark the next PEPE bull run.
