#BNBBreaksATH #BNBBreaks1000 #BinanceHODLerBARD So $PEPE is dead? The whales are no longer interested...

I'll be honest here: I've been tracking whale flows, and something feels off with PEPE right now.

In the last 1h, only one notable movement of cold wallet occurred — and it wasn't accumulation, it was just a fund exchange. Even this transaction of $106.6K (10B PEPE) seems more like a fund exchange than a true whale conviction.

📌 Breakdown:

👉10B PEPE ($106.6K) moved through CoW Protocol → Wintermute (a well-known market maker).

👉Then another 10B PEPE came back from an unknown wallet → CoW Protocol.

The same amount, the same time. This screams internal liquidity routing, not bullish purchases.

👉 What is CoW Protocol?

It is a DEX aggregator and settlement layer that finds the best execution across DEXs. In short: whales/funds use it to optimize trades and avoid high slippage. So this is not a random move — it's just efficient routing, not accumulation.

⚠️ My opinion:

👉Whales are heavily dumping PEPE — no large purchases, no long-term bags.

👉Most flows are market makers and exchange-related — they are not true bullish whales.

If this continues, the hype cycle of PEPE could already be in the distribution/exit phase.

At this moment, $PEPE is not attracting true whales — it is just a fund exchange. Unless a big player intervenes soon, this looks like a meme coin running out of strength.