Recent on-chain analysis reveals significant activity involving the meme cryptocurrency PEPE. According to The Data Nerd, an address linked to Cumberland, a well-known crypto market maker, withdrew a substantial amount of PEPE from major exchanges. Specifically, around $3.45 million worth of PEPE was moved from Bybit and OKX approximately two hours ago. This withdrawal raises questions about Cumberland's intentions. Are they planning to hold these tokens long-term, or could this be a precursor to a larger market move? While the exact purpose remains unclear, such a large withdrawal by a major player like Cumberland is noteworthy and warrants close monitoring by PEPE holders and the broader crypto community. The impact on PEPE's price and market dynamics remains to be seen. ```