Whale Withdraws $5.469 Million in PEPE and ETH from Bybit: Insights from Arkham Tag

On May 15th, substantial movements were observed in the cryptocurrency markets, highlighting significant trading activity. According to monitoring data from COINOTAG, a notable whale transaction, suspected to involve the Arkham Tag associated with @General6316, saw the withdrawal of approximately $5.469 million in both PEPE and ETH from the Bybit exchange. The withdrawal of PEPE occurred at a price point of $0.0000135, while ETH was withdrawn at $2544. Such movements usually indicate a strategic positioning by high-net-worth investors, and they can have implications for market liquidity and pricing trends. Investors should monitor these activities closely as they may influence upcoming market dynamics.