1.28 trillion PEPE exits Binance, epic whale transfer
This major move has attracted the interest of the cryptocurrency community, with 1.28 trillion PEPE tokens exiting Binance, triggering massive whale activity. The large transaction was reported by Whale Alert, a well-known blockchain tracking company that monitors large cryptocurrency transfers.
The transaction involved a huge amount of 1,286,733,285,955 PEPE tokens, worth about $14,745,963, transferred from Binance to an unknown wallet.
However, after careful study, we found a detail that adds an interesting layer to the story. Data from Etherscan shows that the recipient is exactly an address called "Binance 70". This news has sparked speculation that the transaction may not be an external transfer as it initially appeared, but a reshuffle of funds within Binance.
Identifying the receiving address as a Binance internal address adds some clarity, suggesting that the transaction may be part of Binance's regular operations rather than an external withdrawal by a whale investor.
Despite the huge volume of the transfer, PEPE's price has seen a slight decline, down 1.59% in the past 24 hours. This small decline suggests that the market did not react strongly to the transaction, which may be due to the internal nature of the transfer.
Such a breakout would not only mean an exit from the current lower price range, but could also ignite new bullish momentum and attract more buyers to the market. At the time of writing, PEPE is down 1.3% in the past 24 hours to $0.000011.
