This whale who transferred 1.4 trillion PEPE ($18.01M) to Binance two days ago continued to withdraw 1,436 ETH ($4.94M) from Binance 15 minutes ago.
It seems that he is indeed selling PEPE to exchange for ETH: he has withdrawn 2,646 ETH ($9.04M) from Binance after transferring PEPE to Binance, with an average price of $3,416.
https://etherscan.io/address/0x83768992b44f9afad68889ca59f36507fe00d8f7…