Dormant Whale Moves 1.79T PEPE Worth $22M from Binance
A crypto whale awakens after 2 years, withdrawing 1.79T PEPE tokens ($22.23M) from Binance to a new wallet.
- A whale withdrew 1.79T PEPE tokens worth $22.23M
- The wallet had been inactive for two years
- Funds were moved to a brand-new wallet from Binance
Dormant Whale Awakens with Massive PEPE Move
After two years of silence, a crypto whale has suddenly re-emerged with a bold and strategic move. The long-dormant wallet owner created a new wallet and withdrew a jaw-dropping 1.79 trillion PEPE tokens, valued at $22.23 million, directly from Binance.
This unexpected activity has caught the attention of the crypto community. Whale movements like this often spark speculation and debate, especially when such large sums are involved and when the action comes after years of inactivity.
Why It Matters for PEPE and the Market
The PEPE memecoin has seen significant popularity in recent months, often riding the wave of meme token hype. A transfer of this magnitude suggests the whale either anticipates further price gains or is preparing for a more strategic use of the tokens—such as staking, liquidity provision, or even an OTC (over-the-counter) deal.
The fact that the tokens were moved to a brand-new wallet hints at a desire for privacy, fresh on-chain activity, or possibly security reasons. Often, whales create new wallets when they plan to restructure their holdings or engage in sophisticated trading strategies.
Such large withdrawals from centralized exchanges (CEXs) like Binance can also be interpreted as bullish, since it reduces sell-side pressure and indicates a longer-term holding mindset.
Market Reactions and What’s Next
This move could influence PEPE’s price, as traders often follow whale wallets to anticipate big shifts. While it’s unclear what the whale plans next, this kind of transfer—after two years of silence—suggests confidence in PEPE’s future.
Whether it’s a sign of accumulation or preparation for a major play, one thing’s clear: the whale is back, and eyes are now closely watching this wallet’s next steps.
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