Why 63014991023 Might Head Towards $1 Soon
🐳 Whale Alert:
Just two hours ago, Cumberland, a major trading firm, withdrew 386.45 billion PEPE tokens (approximately 3.45 million) from exchanges - likely transferring them to cold wallets or preparing to hold them for the long term.
What this likely indicates:
Accumulation, not dumping: Withdrawals from exchanges typically mean that tokens are being securely stored - not that they are being sold.
Strategic confidence: As a premier liquidity provider and market maker, Cumberland operates strategically. Their shift from exchanges indicates deep conviction.
Optimistic timing: In a volatile or fearful market, they are storing it - not dumping it.
🔍 **On-Chain Analysis:**
PEPE volatility is well-known - but this whale movement highlights the strong hands that believe in the token's future.
It could signal a market bottom, especially if followed by similar moves from other whales.
With supply being withdrawn from trading, a price increase in the medium term becomes more likely.
🔮 **What's Next:**
Increasing whale interest could pave the way for a price floor.
Fewer tokens on exchanges = less selling pressure, which could trigger a rise.
Stay tuned for more on-chain activity - large deposits, exchanges, or more large withdrawals could be key signals.