PEPE Price Poised for Breakout: 17 Trillion Tokens Leave Exchanges

The PEPE meme coin is showing signs of potential bullish momentum. Over 17 trillion PEPE tokens have recently been withdrawn from cryptocurrency exchanges, a significant outflow that often precedes price increases. This, coupled with positive shifts in the Market Value to Realized Value (MVRV) ratio, suggests a possible price rally is on the horizon. However, a successful breakout hinges on overcoming a crucial resistance level. Traders are closely watching to see if this key barrier can be breached, potentially igniting a substantial price surge. The current market sentiment surrounding PEPE is cautiously optimistic, with many analysts closely monitoring on-chain data and trading volume for confirmation.