🐸🚀 Massive Whale Movement: 1.28 Trillion $PEPE Tokens Shift from Binance! 👀
In a stunning development that's captured the crypto world's attention, a colossal 1.28 trillion PEPE tokens were transferred out of Binance in a monumental whale transaction. Reported by Whale Alert, a leading blockchain tracker, this transfer amounted to approximately $14.75 million.
Initially thought to be an external withdrawal, scrutiny revealed that the recipient address was linked to Binance itself, labeled as "Binance 70" according to Etherscan data. This discovery sparked speculation that the transaction was likely an internal fund reallocation by Binance, rather than a withdrawal by a whale investor.
Despite the significant volume involved, PEPE's market price only saw a slight 1.59% decrease in the past 24 hours, indicating muted market reaction possibly due to the transaction's internal nature.
PEPE Price Action and Outlook
The frog-themed meme token PEPE has recently been in a consolidation phase after hitting its peak of $0.00001722 on May 27. Currently trading below the daily SMA 50 at $0.0000126, PEPE is poised for potential breakout.
A breach above this level could mark a crucial bullish signal, potentially triggering renewed buying interest and setting the stage for a bullish momentum shift.
As of now, PEPE is trading at $0.000011, showing a minor 1.3% decline in the last 24 hours.
Stay tuned as PEPE navigates through this consolidation phase, with eyes set on potential price movements and market developments! 🌟
