- Main event, whale wallet withdraws PEPE, Binance impact.
- PEPE liquidity reduction; market impacts seen.
- Traders focus on whale activity and token volatility.
A previously dormant whale wallet withdrew 1.79 trillion PEPE tokens worth approximately $22.35 million from Binance on May 17, 2025.
The transaction affects market liquidity and traders’ strategies, potentially leading to PEPE price fluctuations and shifts in market sentiment.
A previously inactive whale wallet made headlines by withdrawing 1.79 trillion PEPE tokens from Binance, generating substantial market attention. This move marked the wallet’s first activity in two years and involved creating a new Ethereum wallet.
The wallet, known for past significant transactions, executed three large transfers totaling $22.35 million in PEPE tokens from Binance. It also deposited 3 ETH for transaction fees, sparking speculation on potential future actions.
LookonChain, Blockchain Analytics, “A previously dormant whale woke up and withdrew 1.79T $PEPE (worth $22.23M) from Binance after 2 years of inactivity. The new wallet and the magnitude of the move have drawn significant attention.” – source
The withdrawal significantly reduced PEPE liquidity on Binance. The ensuing trading volume surged, triggering volatility in PEPE’s price, which initially rose by 3.2% before fluctuating further throughout the day.
Historically, similar whale movements in meme coins have led to short-term price volatility and shifts in market dynamics. Such factors often create ripples of optimism or caution among investors and traders in the sector.
Traders and analysts closely monitor the situation, leveraging data from blockchain analytics to predict possible outcomes. Market focus remains on potential regulatory or technological responses to this significant withdrawal event.
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