ChainCatcher Message, blockchain data monitoring platform Spot on Chain reported a remarkable on-chain transaction dynamic. 13 hours ago, a mysterious user created a brand new wallet and withdrew up to 30.96 billion PEPE tokens from the well-known exchange KuCoin, with a total value of approximately 6.45 million US dollars. The average price of this transaction was 0.00002082 US dollars.

This large withdrawal event has attracted widespread attention from the market, with investors speculating about the motives behind it and its potential impact on the market. Although there are currently no clear signs indicating how this transaction will affect the market price of PEPE, such large-scale capital flows often may signal potential market volatility.