According to Lookonchain, a crypto whale created a new wallet and withdrew 581 billion PEPE tokens (valued at $7.93 million) from Binance just two hours ago. The same whale is holding significant long positions on PEPE, XRP, BONK, and PENGU on the Hyperliquid platform, but is currently down over $2 million on these trades (source: Lookonchain, intel.arkm.com, hypurrscan.io). Such large-scale withdrawals and concentrated long exposure may increase short-term price volatility for PEPE and related meme coins, attracting attention from both retail traders and institutional players in the cryptocurrency market.

According to Lookonchain, a whale created a new wallet and withdrew 581 billion PEPE tokens, valued at $7.93 million, from Binance just two hours ago (source: Lookonchain, May 15, 2025; intel.arkm.com, hypurrscan.io). The same whale holds significant long positions on PEPE, XRP, BONK, and PENGU on Hyperliquid, but is currently experiencing a drawdown of over $2 million. This large-scale withdrawal and concentrated long exposure suggest heightened risk and potential volatility for these meme coins, especially PEPE, as whale movements often precede sharp price actions. Crypto traders should closely monitor these tokens for short-term volatility and possible liquidity shifts in response to large whale activity.