Binance News: Pepe Whale Dumps Massive PEPE Tokens, Causing Market Fluctuation

Pepe Whale Triggers Panic, Dumps 150 Billion PEPE Tokens

A big player in the world of PEPE coin, known as an OG investor, has cashed out a significant portion of their holdings. They sold off 150 billion PEPE tokens on Binance, amounting to about $1.14 million. This move has caused the price of the meme coin to fluctuate. The investor initially spent only $2,184 to buy 1.5 trillion PEPE tokens in the early stage, making a substantial profit from the sale. They sold 1.02 trillion PEPE tokens previously for $6.66 million, leaving them with 493 billion PEPE tokens worth $3.64 million.

Binance Sets Record Inflow of Stablecoins

Binance has witnessed a record inflow of stablecoins, boosting its ERC-20 reserves to new heights. The exchange, known for its leveraged trading, has seen stablecoins as crucial for building new positions. As the leader in stablecoin reserves, Binance has attracted most traders who use it as their primary trading venue. The influx of stablecoins has fueled derivative markets, resulting in peak available liquidity. This trend continued with significant vertical growth in the last months of 2024 and slower growth in early 2025. Despite the market slowdown, the supply of stablecoins remains high, serving as a risk-mitigation strategy. During this market cycle, the supply of stablecoins is increasing even as the broader crypto market experiences a 30% drawdown.