Record outflow of PEPE from exchanges: whales are buying up the memecoin amid the lull
Over the past 24 hours, 4.54 trillion Pepe (PEPE) tokens have been withdrawn from trading platforms. This is the largest daily outflow volume since November 2024. Moving assets to cold storage significantly reduces the available supply of the coin.
Network data shows rare unanimity: large holders are increasing their positions, while retail traders remain on the sidelines. This pattern usually precedes an accumulation phase, when liquidity leaves the market and volatility drops to a minimum.
PEPE exchange outflow: what is happening
Analytical platforms have recorded a net outflow of 4.54 trillion PEPE tokens over 24 hours. This is the highest figure since November 14, 2024. Notably, the previous comparable outflow occurred against the backdrop of the post-New Year meme coin rally, when PEPE was updating all-time highs at the peak of speculative demand.
Now, however, the market is in a completely different phase. Over the past two months, PEPE has been trading sideways without significant news drivers. The absence of hype amid such a large-scale withdrawal of assets from exchanges is a signal that cannot be ignored. When a meme coin quietly leaves platforms and the crowd of traders does not chase it, bullish investors may interpret this as tokens moving into stronger hands.
Whales increase positions, PEPE price holds
Data on the largest investors confirms this picture. Over 30 days, the top-100 addresses have increased their balances by 6.07%. Currently, about 85.97 trillion tokens are concentrated in their wallets. The dynamics of the so-called "smart money" deserve special attention: the number of tokens held by this group has grown by 307% over the same period.
This category of investors accounts for about 108 billion tokens—only a fraction of the volume held by the top-100 holders. Active token accumulation indicates that supply is gradually shifting to long-term investors rather than speculators seeking quick profits.
Accumulation has coincided with a moderate price increase: over the week, PEPE rose by 3.4%, over the month—by 4.9%, although it corrected by 1.64% over the day. The sustainability of future growth depends on interest in meme coins across the entire market. Currently, holders are predominantly increasing positions, while speculative demand remains low.
My view: A record outflow in the absence of news drivers is a classic sign of accumulation before a move. If whales continue to buy PEPE amid low liquidity, the market may be ready for an unexpected impulse. However, without the return of overall interest in meme coins, this potential may remain unrealized.