A new wallet has been created that recently withdrew 1.52 trillion $PEPE, worth about 16 million dollars from #Kraken during the past two hours.
This type of large withdrawal often indicates accumulation, as whales usually prefer to keep tokens in their own wallets or transfer them for DeFi strategies rather than leaving them on centralized exchanges.
With meme coins like $PEPE, these movements can impact market sentiment, especially when the wallets are new and there is no previous activity record — and this may indicate either the entry of new large investors or financial institutions.
Given the large transaction volume, traders are closely monitoring to see if this is a long-term accumulation strategy or if it might be distributed later into liquidity accounts or leveraged positions.
👉 What do you think — is this a bullish signal for the whales' conviction, or just a smart positioning before market fluctuations?
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