A stupendous meme coin withdrawal from one of the globe’s largest exchanges has stunned the crypto sphere, leaving market observers guessing the motives. Indeed, a 2T PEPE Token (PEPE) cash out from Bybit was detected by Whale Alert, a large transaction tracking agency.
PEPE Token Crunched Zero, Hungry For More?
The 2 trillion transfer from Bybit exchange to what’s most likely a self-custodial crypto wallet is worth $27,887,373, a worthwhile sum that often moves markets in the meme coin dimension. This stands for more than 0.5% of all PEPE token (PEPE) supply. Notably, the courageous move by this crypto whale comes after a 55.5% upswing for PEPE price since last month.
While only half way to a new all-time record, PEPE price ate a zero on May 8, 2025 and has successfully stayed above this price level since. Moreover, the latest price run was heavily boosted by daily trading volume in the billions, topping heavyweight meme coins like Shiba Inu (SHIB) & Dogecoin (DOGE) on most days this month.
Here’s This Crypto Whale’s True Intentions
The massive 2 trillion PEPE token move from Bybit aligns well with the overall sentiment among largest crypto investors, popularly referred to as crypto whales. As per latest IntoTheBlock data, PEPE’s trading volume surged by 52% since yesterday, transacting $165 million in the process.
Whether to understand if the aforementioned crypto whale’s big move was a part of a buying spree or simply a shift between crypto wallets, DailyCoin assessed the receiver’s wallet, finding large amounts of two specific tokens. The largest of them was the frog-themed Pepe Token, approaching a net worth of $200 million with 14T PEPE coins at hand.
Aside from dust in some other meme coins, the only other multi-million dollar digital asset on-balance was the Polyhedra Network (ZKJ), an up & coming utility altcoin behind a new trustless cross-chain bridging protocol. Given these two cryptos take up most of the $228 million stash, it’s obvious that the major player believes in the further growth of PEPE price.
On The Flipside
- Pepe Token (PEPE) capitalized on Bitcoin’s (BTC) spectacular run to a new all-time peak at $111.1K
- Showing high price correlation with BTC, the current PEPE price has 65% of holders making a profit.
Why This Matters
Major players often precede a larger market trend, timing decisions in a way to stay one step ahead of the game.
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