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Whale Withdraws 1.79 Trillion PEPE from Binance: Is a Price Surge Imminent?

Whale Withdraws 1.79 Trillion PEPE from Binance: Is a Price Surge Imminent?

Published:
2025-05-17 20:05:35
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A dormant cryptocurrency whale has resurfaced after two years, making a massive withdrawal of 1.79 trillion PEPE tokens worth $22.23 million from Binance. This significant move, tracked by on-chain analytics platform LookonChain, has sparked speculation about a potential price surge for PEPE. The whale created a new Ethereum wallet to execute three large transfers from Binance’s hot wallets, with the largest transaction involving 1.1 trillion PEPE tokens. This development highlights the growing activity and interest in meme coins like PEPE, especially among large investors. As the crypto market continues to evolve, such whale movements often serve as indicators of future price trends, making this a noteworthy event for traders and enthusiasts alike.

Whale Stacks 1.79 Trillion Pepe Coins, PEPE Price to Surge?

A dormant cryptocurrency whale has reemerged after two years of inactivity, withdrawing 1.79 trillion PEPE tokens worth $22.23 million from Binance. On-chain analytics platform LookonChain reports the whale created a new ethereum wallet to execute three substantial transfers from Binance’s hot wallets.

The largest transaction involved 1.1 trillion Pepe tokens, followed by 633 billion and a smaller 9.8 million token transfer. The whale additionally deposited 3 ETH ($7,460) into the new wallet, likely for gas fees or future swaps. Prior to this activity, the wallet had no recorded transactions since its previous interactions with Uniswap, MetaMask, and 0x Exchange involving multiple assets including PEOPLE, ETH, UNI, and USDT.

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Binance Coin (BNB) maintains its strong position in the market, trading at $641.78. Analysts project a rise to $1,292 by 2025, driven by its integral role in the Binance ecosystem and ongoing bullish sentiment. The token’s robust fundamentals and expanding utility continue to solidify its dominance.

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