• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Major Binance Withdrawals: What’s Happening with PEPE and SHIB?

user avatar

by Giorgi Kostiuk

8 months ago


A newly created wallet withdrew 150 billion PEPE and 60 billion SHIB from Binance within an hour, causing market concerns.

Unexpected Token Withdrawals

Within an hour, a new wallet unexpectedly withdrew 150 billion PEPE, worth approximately $2.94 million, and 60 billion SHIB, worth $1.52 million, from Binance. Such large-scale withdrawals often raise questions about motivations, suggesting possible changes in market sentiment or upcoming events for these tokens.

Technical Analysis of PEPE and SHIB

Based on the PEPE chart, the token has recently been in a strong rally, reaching a peak before retracing. The decreasing trading volume indicates a potential slowdown, although PEPE is still above critical moving averages, suggesting a bullish structure. The withdrawal may indicate preparation for off-exchange transactions. On the SHIB chart, after a significant breakout, the token has been forming a bullish triangle. With support from the 50 EMA and staying above key support levels, the withdrawal of 60 billion SHIB might also suggest optimism for future price movement or use in decentralized applications.

Potential Causes and Implications

Whale Activity: Large token withdrawals frequently signify whale accumulation. Such actions could be preparations for long-term storage or other strategic applications. DeFi Utilization: The transfer of funds from centralized exchanges to wallets may indicate plans to use decentralized finance protocols, like staking. Market Sentiment: Although significant withdrawals may initially raise fears of sell-offs, they may also signal increased confidence in the asset's potential. Monitoring wallet activity and on-chain data remains crucial.

Based on the volume recovery and overall market conditions, the PEPE and SHIB charts point to short-term consolidation with the possibility of additional upside. These actions underline the importance of closely monitoring whale behavior, as it frequently precedes important market movements.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Bullish, the Crypto Exchange Backed by Peter Thiel, Prepares for IPO

chest

Bullish has filed for IPO, seeking to enter the public market and compete with major players.

user avatarGiorgi Kostiuk

USDC Use on Stellar and Its Impact on XLM Value

chest

Statistics show a rise in USDC transactions on Stellar, indicating growing utility that fuels speculation on XLM prices.

user avatarGiorgi Kostiuk

Litecoin Records New Open Interest at $761 Million. Is LTC Heading to $120?

chest

Litecoin has reached a new record open interest of $761 million, and 66.3% of addresses are in profit, raising hopes for a price increase to $120.

user avatarGiorgi Kostiuk

World Liberty Announces WLFI Token Launch Valued at $16 Billion

chest

WLFI token by World Liberty plans to debut with a $16 billion valuation, with significant backing from DT Marks DEFI LLC.

user avatarGiorgi Kostiuk

Impact of GENIUS Act: Trump Establishes Federal Stablecoin Guidelines

chest

President Trump has signed the GENIUS Act, establishing federal regulations for stablecoins and impacting the U.S. crypto landscape.

user avatarGiorgi Kostiuk

New Opportunities in the Meme Cryptocurrency Market: Troller Cat Gaining Popularity

chest

Exploring the rise of Troller Cat amid shifts in meme cryptocurrencies and the current status of Shiba Inu and Pepe.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.