Why $PEPE Could Be Headed Toward $1 Soon
š³ Whale Alert:
Just two hours ago, major trading firm Cumberland withdrew a whopping 386.45āÆbillion PEPE tokens (around 3.45āÆmillion) from exchangesālikely transferring them to cold wallets or prepping for a long-term hodl .
What This Likely Signals:
Accumulation, not dumping: Withdrawals from exchanges usually mean the tokens are being stored securelyānot sold.
Strategic confidence: As a top-tier liquidity provider and market maker, Cumberland operates with strategy. Their shift from exchanges suggests deep conviction.
Bullish timing: In a choppy or fearful market, theyāre loading upānot offloading .
š **OnāChain Analysis:**
PEPEās volatility is well-knownābut this whale move highlights strong hands believing in the tokenās future.
It could be a signal of a market bottom, especially if similar moves by other whales follow .
With supply withdrawing from circulation, midāterm price upside becomes more likely.
š® **Whatās Next:**
Increasing whale interest could pave the way for a price floor.
Fewer tokens on exchanges = lower selling pressure, potentially catalyzing a rally.
Watch for more on-chain activityāsignificant deposits, swaps, or more big withdrawals could be key signals .
ā Final Takeaway:
Retail traders may doubt meme-coinsābut pros like Cumberland are quietly buying. On-chain signals like this can offer early insights, so donāt overlook them.
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