New Wallet, DEX Preparation?
๐ On-chain activity attracts attention:
Binance outflows a total of 1.78T PEPE ($22M) from 2 different hot wallets
๐ฏ What Does This Data Say?
Such transactions are usually:
A new personal custody wallet is established
PEPE funds are delisted from the exchange
๐ Fall in confidence?
๐ DEX preparation?
๐ง Maybe just risk distribution. But the trend is clear:
๐ Capital moving away from CEX is moving on-chain.