PEPE outflows hit 4.54T tokens
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- Pepe (CRYPTO:PEPE) recorded 4.54 trillion tokens leaving exchanges, its largest daily outflow since November 2024.
- PEPE traded near US$0.0000028, about 90% below its December 2024 record high.
- Top 100 wallets increased their PEPE holdings by 6.07% over 30 days, according to Nansen.
Pepe (CRYPTO:PEPE) recorded 4.54 trillion tokens leaving exchanges, its largest daily net outflow since November 14, 2024.
Santiment said fewer tokens on exchanges means less PEPE is immediately available for selling.
“When a relatively quiet memecoin leaves exchanges while traders aren’t loudly chasing it,” Santiment wrote.
Nansen data showed the top 100 PEPE wallets increased holdings by 6.07% over 30 days.
These wallets held about 85.97 trillion tokens, while Smart Money holdings jumped 307% over the same period.
PEPE gained 3.4% weekly and 4.9% monthly, but fell 1.64% during the latest 24-hour period.
PEPE remained near US$0.0000028, about 90% below its December 2024 record, despite increased accumulation.
At the time of reporting, Pepe price was $0.052855.
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