PEPE Exchange Outflows Hit 4.54 Trillion Tokens as Top Holders Accumulate

PEPE recorded 4.54 trillion tokens leaving exchanges in its largest single-day outflow since November 14, 2024. The withdrawal coincides with steady buying from large wallets, with top 100 holders increasing their positions 6.07% over 30 days. The meme coin currently trades roughly 90% below its December 2024 record high.

PEPE Records 4.54 Trillion Token Exchange Outflow

On-chain analytics firm Santiment reported the 4.54 trillion token outflow. It marked the biggest net exchange withdrawal since November 14, 2024. The firm explained that with less supply sitting on exchanges, fewer tokens are ready for fast sales.

The previous comparable outflow occurred during the post-election meme coin rally. Back then, PEPE climbed to fresh highs as speculative demand peaked. However, this withdrawal comes without a similar frenzy. PEPE has drifted sideways for two months with no major project catalyst.

Top 100 Holders Increase PEPE Holdings 6.07% Over 30 Days

Data from Nansen shows the top 100 PEPE addresses grew their holdings 6.07% over 30 days. They now control about 85.97 trillion tokens. Nansen also flagged a 307% jump in Smart Money holdings over the same period, though that cohort holds about 108 billion tokens, a fraction of the Top 100 total.

The accumulation arrives as PEPE posts modest gains over the past month. The meme coin rose 3.4% over the week and 4.9% across 30 days. However, it slipped 1.64% in the past 24 hours.

FAQ

What was PEPE's largest exchange outflow since November 14, 2024?

PEPE recorded 4.54 trillion tokens leaving exchanges in its largest single-day outflow since November 14, 2024, according to on-chain analytics firm Santiment.

How much did PEPE's top 100 holders increase their positions?

Data from Nansen shows the top 100 PEPE addresses grew their holdings 6.07% over 30 days, now controlling about 85.97 trillion tokens, while Smart Money holdings jumped 307% to 108 billion tokens.