Big bad news? ? Trillion PEPE withdrawals raise potential risks

According to on-chain data, a large account has withdrawn nearly 1 trillion PEPE from BA, with a market value of about $7.76M

This withdrawal is different from the past because it comes from an undisclosed address of a multi-signature wallet. This wallet uses a complex mechanism that requires multiple signatures to trade, thereby enhancing the security and control of assets

Traditionally, withdrawals from exchanges are interpreted as bullish signals, usually seen as holders are unwilling to sell or there are centralized wallets to reduce risks

A day ago, the same address withdrew another total of 322.48 billion PEPE tokens, equivalent to $2.62M.

The transfer to a multi-signature wallet has raised concerns about the involvement of bookmakers/institutions, and the consequences of this mysterious withdrawal remain uncertain.

The timing of these transactions is quite interesting because it occurred at a time when the value of Pepe has risen significantly, increasing by 17% in the past week alone; as of now, the PEPE coin has the largest callback among mainstream MEME coins; is it related to this withdrawal?

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