ChainCatcher report: On-chain analytics platform Santiment data shows that PEPE recorded a daily net outflow of 4.54 trillion tokens from exchanges, marking the largest single-day outflow since November 14, 2024. A significant volume of tokens is being transferred from exchanges to private wallets, substantially reducing the readily sellable circulating supply. Meanwhile, Nansen data indicates that the top 100 PEPE holder addresses collectively increased their holdings by 6.07% over the past 30 days, raising their total holdings to approximately 85.97 trillion tokens. Smart Money addresses saw an even more dramatic surge of 307% in holdings during the same period, highlighting a clear trend of supply concentrating among long-term holders.
PEPE daily exchange net outflow reaches 45.4B, the highest in two years
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Summary
PEPE’s daily exchange net outflow surged to 45.4 billion tokens, the highest in two years as of November 14, 2024, according to Santiment data. A strong on-chain trading signal indicates tokens are moving from exchanges to private wallets, reducing the short-term circulating supply. Nansen data shows the top 100 holders increased their holdings by 6.07% over 30 days, now holding 859.7 billion tokens. Smart Money wallets increased their holdings by 307%, suggesting value investing in crypto is gaining traction among long-term holders.
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