Whale withdraws $49.5M in memecoin named after CZ's memoir from Binance

An anonymous whale withdrew 50.5 million units of a memecoin named after Changpeng Zhao's memoir from Binance two hours ago, Lookonchain reported. The withdrawal, worth approximately $16.1 million, was sent to a new wallet. Over the past two days, the same whale has used 15 new wallets to withdraw a total of $49.5 million worth of the token from the exchange. This amount represents about 13.83% of the memecoin's total supply.