Whale Shifts 2 Trillion PEPE Tokens from Bybit as Bullish Momentum Builds

In a notable market move, a whale has transferred 2 trillion Pepe tokens (worth ~$27.8 million) from Bybit to an unknown wallet, signaling strong accumulation behavior amid rising bullish sentiment. This strategic withdrawal aligns with increased whale activity and mid-size transactions, suggesting growing confidence in PEPE’s upside potential. Market analysts view this as a holding strategy rather than impending sell pressure, with the timing coinciding with short-term price strength for the meme coin.

Whale Moves 2 Trillion PEPE Tokens Off Bybit Amid Bullish Sentiment

A significant transfer of 2 trillion PEPE tokens, valued at approximately $27.8 million, was executed from Bybit to an unknown wallet. This move aligns with increasing whale accumulation and mid-size transactions, signaling growing confidence in PEPE’s price potential.

Market participants interpret the transfer as strategic accumulation rather than a precursor to selling pressure. The timing coincides with a short-term price rally and rising bullish sentiment across the PEPE ecosystem. Whale activity often precedes trend shifts, suggesting long-term positioning may be underway.

Short liquidations and strong trend momentum indicate potential for PEPE to breach the $0.000015 resistance level. Retail traders are closely monitoring these developments for clues about future price action.

Bybit Secures MiCAR License in Austria, Expanding EU Market Access

Bybit has obtained a MiCAR license from the Austrian Financial Market Authority (FMA), marking a significant regulatory milestone. The approval allows Bybit EU GmbH to offer compliant crypto services across all 27 EU member states under the Markets in Crypto-Assets (MiCA) framework, which took effect in early 2025.

The exchange has established its EU base in Vienna, with plans to hire over 100 staff and partner with local universities through its Blockchain for Good Alliance. CEO Ben Zhou emphasized the license as a testament to Bybit’s commitment to exceeding European regulatory standards, despite past challenges in markets like France and the Netherlands.

This strategic MOVE positions Bybit to serve nearly 500 million potential customers in the EU with tailored, regulated services. The license underscores the exchange’s broader push for global compliance, as it actively collaborates with regulators worldwide.