A newly created wallet has just withdrawn 1.52 trillion $PEPE, worth around 16 million dollars, from #Kraken in the past two hours.
This kind of large withdrawal often indicates accumulation, as whales typically prefer to keep tokens in private wallets or move them to DeFi strategies rather than leaving them on centralized exchanges. With meme coins like $PEPE, such movements can stir market sentiment, especially when involving new wallets that have not shown previous activity - signaling a significant new entry or institutional involvement.
Given the size of this transaction, traders are closely monitoring to see if it will translate into a long-term accumulation play or if it can be re-deployed later in liquidity pools or leveraged positions.
👉 What do you think - a bullish signal from whale faith, or just a smart position before volatility kicks in? Trade $PEPE now on Binance to catch the next move.
