The Pepe Coin team recently transferred 170 billion PEPE tokens, triggering speculation within the crypto community, especially after some were moved to Binance. Despite concerns, technical indicators and broader market trends hint at possible bullish momentum for PEPE.
Blockchain analytics platform Spotonchain reported that on January 30, a multi-signature wallet linked to the Pepe Coin team transferred 170 billion PEPE—worth approximately $2.17 million—to a newly created wallet (0x1ec). Of this amount, 6 billion PEPE tokens were sent to Binance, fueling worries about a potential sell-off and its impact on market liquidity.
