**375 Billion PEPE Withdrawn from Binance as Whale Makes First Move**

A major PEPE transaction has caught the crypto community’s attention, with a whale making their first-ever accumulation of the frog-themed meme coin.

According to on-chain data from SpotOnChain, a wallet labeled "0xf37" withdrew 375.35 billion PEPE (worth $3.73 million) from Binance, marking the whale’s first PEPE purchase. This move aligns with a broader trend of whales accumulating meme coins like PEPE and WIF.

Other notable whale activity includes:

- **Whale "A3kTT"** returning from two years of dormancy to withdraw 6.5 million WIF ($5.19M).

- **Whale "4x3M8"** pulling 9 million WIF ($7.42M), despite a previous $1.35M loss.

### PEPE Price Action

The crypto market saw a sharp sell-off earlier this week, hitting meme coins hard. PEPE briefly dropped to $0.0000081 on Monday before recovering slightly. It’s currently up 0.64% on the day at $0.00001023 but remains down 22% for the week.

Since its all-time high of $0.000028 on Dec. 9, PEPE has steadily declined, falling below key support levels, including the daily SMA 50 and SMA 200. A reclaim of these levels could signal renewed strength.

With whales accumulating, could PEPE and other meme coins be gearing up for a rebound?