#pepe A massive withdrawal in the crypto world! $13.54 million PEPE was withdrawn by whales, do you understand this operation?

Just yesterday, an epic operation suddenly occurred on the Binance chain! On-chain data shows that at 8:57 UTC on April 30 (16:57 Beijing time), a mysterious whale withdrew 1.5 trillion PEPE directly from Binance, valued at up to $13.54 million based on the average price of $0.000009 at that time! This is equivalent to moving a 'mountain of frog coins' all at once, tightening the nerves of the entire market.

1. Shocking operation! 1.5 trillion PEPE was 'devoured' by whales.

This is not a small amount! 1.5 trillion PEPE stacked up could circle the Earth dozens of times. What’s even more shocking is that this is not an isolated incident. During the same period, there were several large transfers: Cumberland deposited 247 billion PEPE (about $1.5 million) into Robinhood, and B2C2 deposited 163 billion PEPE (about $1.01 million) into Binance. These operations triggered a chain reaction in the market like dominoes.

2. What medicine is the whale selling?

Some say whales are 'running away,' but the truth may be more complex. From on-chain data, this withdrawal could have three purposes:

1. Strategic shift, avoiding risks.

A new address that withdrew coins did not sell immediately but transferred PEPE to a decentralized exchange for liquidity mining. This may be a way to spread risks, avoiding putting all eggs in one basket. After all, recent news of centralized exchanges frequently freezing accounts makes no one want to be the next victim.

2. Sell high and buy low, profit from arbitrage.

Whales are well aware of the 'buy low, sell high' strategy. For example, in March 2025, a whale sold 68.76 billion PEPE, making a profit of $427,000. Although they did not cash out at the peak, they still achieved a fivefold return. This withdrawal may be preparing for the next round of 'harvesting.'

3. Community games, manipulating the market.

As a meme coin, PEPE's price is highly dependent on community consensus. Some analysts believe that whales may be creating panic through large operations, then buying at low prices. After all, the top 50 addresses hold over 40% of the circulating supply, and their every move can sway the market.

3. Risk warning! Avoid these pitfalls.

For ordinary investors, this operation has released three important signals:

1. Liquidity risk: Be careful of 'unable to sell.'

The liquidity of PEPE is like sand in an hourglass, rapidly draining away. XBIT data shows that PEPE's trading volume has decreased by 37% in the past week, and the proportion of whale holdings has also shrunk to a historical low. If the price continues to drop, it is likely to lead to a situation of 'priced but no market,' making it impossible to sell when the time comes.

2. Community heat: Don't be fooled by 'false prosperity.'

Once, PEPE could easily trend on Twitter, but now its popularity has decreased by 35%. The decline in community activity has directly weakened price support. Even more frightening is that new meme coins are continuously emerging, and PEPE's status as an 'internet celebrity' is being replaced.

3. Regulatory sword: The Damocles sword hanging over our heads.

Recently, five wallets linked to the same entity were exposed. They obtained funds through the mixer Tornado Cash to purchase 61.05 billion PEPE, which may be related to fraudulent activities. Such operations easily attract the attention of regulators, and once blacklisted, the consequences could be dire.

4. Where to go in the future? What should retail investors do?

In the short term, the price of PEPE may continue to be under pressure. However, the long-term trend will depend on whether community consensus can be restored and what the next moves of the whales will be.

For investors, here are three pieces of advice:

1. Don't follow the trend: The volatility of meme coins is like a roller coaster, blindly following the trend can easily get you stuck at the top.

2. Pay attention to on-chain data: Changes in exchange balances and large transfers can help you predict market trends in advance.

3. Diversify investments: Don't put all your money on PEPE; allocate some to mainstream coins and DeFi projects to reduce risk.

Finally, remember one thing: in the crypto world, never underestimate the power of whales, and do not overestimate your luck. This wave of PEPE's 'whale fall' may just be the prelude to a market storm. Are you ready to face the challenge?