- A massive 2 trillion PEPE token withdrawal (worth nearly $28 million) from Bybit to a private wallet sparked speculation, representing over 0.5% of PEPE’s total supply.
- The move follows a 55.5% price surge for PEPE since last month, with the token maintaining strength after shedding a zero in early May and consistently topping trading volumes over SHIB and DOGE.
- The receiving wallet holds $200M+ in PEPE and millions in ZKJ, suggesting the whale is stacking for long-term gains and believes in PEPE’s continued momentum.
In a move that had jaws dropping all over Crypto Twitter, a staggering 2 trillion PEPE tokens just got yanked outta Bybit—yep, that’s trillion with a T. Whale Alert picked it up and the chatter hasn’t stopped since. Whether it’s a bullish power play or just a switch in cold storage, one thing’s for sure—it shook up the meme coin crowd.
PEPE Gobbles a Zero, Keeps on Climbing
That massive withdrawal was worth nearly $27.9 million, which is a decent chunk of change no matter how you slice it. For some perspective, that’s over 0.5% of the entire PEPE supply… pulled out in a single shot. Wild. And it came right after PEPE blasted up 55.5% since last month—talk about timing.
Back on May 8th, PEPE ate a zero (meaning it jumped a decimal place), and it hasn’t looked back since. Trading volume’s been poppin’ too—topping meme coin giants like SHIB and DOGE on multiple days. This frog’s not just leaping… it’s flying.
What’s This Whale Really Up To?
So, was this a power buy? A security move? Something sneakier? Well, when DailyCoin poked around the recipient wallet, they found it wasn’t just any ol’ address—it was stacked. Over 14 trillion PEPE tokens, close to $200 millionworth, just chillin’ in there.
And get this: besides some dusty meme coins, the only other notable bag in that wallet? ZKJ—the token from Polyhedra Network. They’re workin’ on some fancy zero-knowledge cross-chain bridge stuff. The wallet’s total stash? Roughly $228 million. So yeah, whoever owns it is betting hard on PEPE… and maybe a little on ZKJ.
