On May 18, according to a report from an on-chain analyst, a whale with wallet address 0x6ea4 withdrew 2,209 billion $PEPE from Binance and transferred it to the chain in the past 25 hours. The transaction value reached 29.16 million USD. After removing addresses on centralized exchanges and previously blacklisted addresses by PEPE officials, this wallet has become the second largest on-chain PEPE whale/institutional address.
This move demonstrates the influence of wallet address 0x6ea4 on the PEPE Token market, while also showing strong interest from whales in cryptoassets. This could have a significant impact on the development and liquidation of the PEPE ecosystem in the future.
Withdrawing a large amount of $PEPE from the exchange can be considered a strategic move, creating a scarcity effect and adjusting value. At the same time, this also emphasizes caution in security and management of cryptoassets away from centralized exchanges.
