According to data from on-chain analytics firm Santiment, 4.54 trillion Pepe (PEPE) tokens were withdrawn from exchanges in a single day. This marks PEPE's largest net outflow since November 14, 2024. A decrease in the number of coins on exchanges means fewer tokens are available for quick sale, which reduces the risk of sudden large-scale sell-offs. Santiment stated, "PEPE has generally shown a sideways trend over the past two months," adding, "The outflow of such memecoins from exchanges without active buying interest from investors could indicate that supply is shifting to stronger holders before bullish investor interest refocuses."
