Pepe whales make a splash as they transfer assets off exchanges, raising questions about the token's future path and circulating supply dynamics.
An analysis of the inflow and outflowflow on Santiment has revealed the profound impact of the whale’s move on 5 July. According to the Santiment outflow chart, the exchange outflow volume on that day reached nearly 3 trillion. This outflow volume stood as the second highest in July thus far, with a surge of over 6 trillion on July 3rd. As of this writing, the outflow volume hovered around 15.8 billion.
Furthermore, considering the volume within the last 242 hours, it fell within the range of approximately 16% to 20%. This suggested that while the whale move was noteworthy, it did not substantially impact the overall trade volume of
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