PEPE Token Market Metrics Surge as Whale Withdraws 280B Tokens from Binance

A whale address has withdrawn 280 billion PEPE tokens from Binance.

This comes as PEPE's market activity shows increased participation from both small-scale and institutional traders, with the token’s active wallet addresses rising by 15%.

The futures market also saw momentum, with Open Interest climbing 18% over 48 hours, and long positions accounting for 62% of total Open Interest.

Meanwhile, the token's market value to realized value (MVRV) data showed disparities, with long-term holders experiencing a 12% return and short-term holders facing an 8% loss.

Finally, PEPE's technical analysis revealed the token trading at a critical price point, with $0.0000019 serving as a key support level and traders identifying $0.0000015 as the next potential support zone.