PEPE sees largest exchange outflow since Nov. 14, 2024

A total of 4.54 trillion PEPE left exchanges over the past day, marking the token’s largest net exchange outflow since Nov. 14, 2024, according to Santiment data. A decline in exchange balances means fewer tokens are readily available for quick selling, which lowers the risk of sudden large-scale sell-offs. Santiment said PEPE has mostly traded sideways over the past two months and explained that outflows from exchanges in the absence of aggressive buying could indicate supply is moving into stronger hands before bullish investor interest returns.