New Wallet, DEX Preparation?

๐Ÿ“ On-chain activity attracts attention:

Binance outflows a total of 1.78T PEPE ($22M) from 2 different hot wallets

๐ŸŽฏ What Does This Data Say?

Such transactions are usually:

A new personal custody wallet is established

PEPE funds are delisted from the exchange

๐Ÿ“‰ Fall in confidence?

๐Ÿ“ˆ DEX preparation?

๐Ÿง  Maybe just risk distribution. But the trend is clear:

๐Ÿ‘‰ Capital moving away from CEX is moving on-chain.