Half a Trillion PEPE Withdrawn from Binance: A Giant Whale Emerged!
A new wallet that withdrew a total of 500.6 billion PEPE (PEPE) from Binance in the last 30 minutes has caught attention.
Large-scale transactions in the cryptocurrency market immediately attract the attention of investors. Recently, a massive transaction occurred for PEPE, one of the popular meme coins. According to data shared by the blockchain analysis platform Lookonchain, a newly created wallet withdrew approximately 5.2 million dollars worth of PEPE from Binance.
While the identity behind this huge transfer is still unknown, market players closely monitor such transactions. Especially, whether large transfers trigger price movements has become a subject of curiosity among investors.
Following such massive transfers, investors can experience sudden price movements in the relevant asset. In highly volatile meme coins like PEPE, transactions made by large whales can quickly move the market up or down. After this transfer, PEPE investors will be watching the wallet's next moves closely.
