mf328443

CoinMarketCap: Read what our contributors have to say. This content is provided by the community. DYOR!

Whale Withdraws 1.79 Trillion PEPE from Binance

Market Musing-g

Whale Withdraws 1.79 Trillion PEPE from Binance

IMXTRUMPREADPEPE GOLDTRL



By Coinlineup.com

16 minutes ago

•

2 mins read



Key Takeaways:

Main event, whale wallet withdraws PEPE, Binance impact.

PEPE liquidity reduction; market impacts seen.

Traders focus on whale activity and token volatility.

Whale Wallet Withdrawal: Impact on PEPE and Market Dynamics

A previously dormant whale wallet withdrew 1.79 trillion PEPE tokens worth approximately $22.35 million from Binance on May 17, 2025.

The transaction affects market liquidity and traders' strategies, potentially leading to PEPE price fluctuations and shifts in market sentiment.

A previously inactive whale wallet made headlines by withdrawing 1.79 trillion PEPE tokens from Binance, generating substantial market attention. This move marked the wallet's first activity in two years and involved creating a new Ethereum wallet.

The wallet, known for past significant transactions, executed three large transfers totaling $22.35 million in PEPE tokens from Binance. It also deposited 3 ETH for transaction fees, sparking speculation on potential future actions.

LookonChain, Blockchain Analytics, "A previously dormant whale woke up and withdrew 1.79T $PEPE (worth $22.23M) from Binance after 2 years of inactivity. The new wallet and the magnitude of the move have drawn significant attention." - source

The withdrawal significantly reduced PEPE liquidity on Binance. The ensuing trading volume surged, triggering volatility in PEPE's price, which initially rose by 3.2% before fluctuating further throughout the day.

Historically, similar whale movements in meme coins have led to short-term price volatility and shifts in market dynamics. Such factors often create ripples of optimism or caution among investors and traders in the sector.

Traders and analysts closely monitor the situation, leveraging data from blockchain analytics to predict possible outcomes. Market focus remains on potential regulatory or technological responses to this significant withdrawal event.

Read original article on coinlineup.com

9 views

0 likes

|

0 shared

See the latest updates from across the crypto universe



Coinlineup.com

Other articles published on May 18, 2025

Feature Explorer

Kekius Maximus Coin Price Surge as Elon Musk Changes X Profile

Elon Musk’s X profile switch sparks a 142% surge in Kekius Maximus coin. Is this a real rally or another social media-driven pump-and-dump scheme?

By Coin_Gabbar

7 hours ago

•

3 mins read

Market Musing-g

xAI Faces Backlash After Unauthorized Change Leads to Controversy

xAI's Grok chatbot sparks uproar with controversial output, citing unauthorized modifications. Industry figures respond while Musk remains silent. Read original article on kanalcoin.com

By Kanalcoin

18 hours ago

•

3 mins read

Market Musing-g

XRP Price Prediction Forecasts 13x Gains, PI Pulls Back While BlockDAG Just Boosted Its Daily Rew...

Momentum is building across the crypto space as charts, forecasts, and presale activity give traders a lot to consider. The latest PI price update points to a short-term dip after a massive run, wh...

By 36crypto

3 hours ago

•

7 mins read

Market Musing-g

Best Crypto PreSales: AurealOne (DLUME)- The Game-Changer in Blockchain Gaming Presales!!

Want to get ahead of the curve and invest in the up-and-coming crypto projects set to revolutionize industries? Early investors have the potential to score great deals and gain access to cutting-ed...

By Crypto News Land

7 hours ago

•

7 mins read

Market Musing-g

Basel Medical Group in Talks for $1B Bitcoin Acquisition

Basel Medical Group, a Singapore-based healthcare firm, announced exclusive negotiations for a $1 billion Bitcoin acquisition. Read original article on coinlive.me

By Coinlive.me

6 hours ago

•

2 mins read

Market Musing-g

Cryptocurrency Prices on May 17: BTC 0.47%↓, ETH 3.77%↓, XRP 2.03%↓

The cryptocurrency market recorded widespread losses on May 17, with most major digital assets continuing to trade in negative territory.According to CoinMarketCap, as of 3:00 PM KST, Bitcoin (BTC)...

By IT Times

12 hours ago

•

2 mins read

See all articles

Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!

Subscribe