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.