A significant crypto transaction has caught the attention of the blockchain community, with the Whale Alert tracker reporting a staggering transfer of $83,250,000 worth of meme coin PEPE from Bybit, the fourth largest cryptocurrency exchange by trading volume.This massive movement coincided with a notable 16% price surge in PEPE over the past 24 hours, now trading at $0.00000929 per token. Speculation within the community suggests this transaction may signal bullish sentiment, potentially driven by an anonymous whale purchasing PEPE. However, some users argue it could simply be a routine transfer between Bybit's wallets, from hot to cold storage.Earlier this week, PEPE experienced a sharp decline of 18%, following Bitcoin's market trend. However, a recent chart analysis reveals a promising Double Bottom pattern for PEPE, hinting at a possible reversal and future upward movement.In a separate incident, an anonymous whale moved a significant amount of PEPE from Binance, valued at approximately $14,745,963, sparking further intrigue within the crypto community. This transaction, however, turned out to be an internal transfer within Binance itself.