PEPE saw a 4.54 trillion token outflow from exchanges, its largest since November 2024, amid growing institutional interest including a Canary Capital spot ETF filing.
Ecosystem ·
PEPE experienced a net outflow of 4.54 trillion tokens from exchanges, marking its largest withdrawal since November 2024, according to analysis by CryptoPotato. The movement signals reduced selling pressure on the meme coin. Institutional activity has also entered the picture, with Canary Capital filing for a PEPE-linked spot exchange-traded fund.
Token distribution metrics show PEPE remains active among Ethereum-based meme coins, with 571,613 wallet addresses holding the asset—a figure trailing only Shiba Inu. The outflow from exchange liquidity pools typically reflects holders moving assets into self-custody or long-term positions rather than preparing to sell.
Sentiment among analysts leans optimistic regarding price trajectory, though concerns persist around liquidity conditions and market volatility. The sustainability of the outflow and whether institutional products will meaningfully expand PEPE's user base remain unresolved.