PEPE’s exchange data split this week’s rally into two phases. 📊 On Oct 16, PEPE supply on exchanges fell by 4.77T coins (down 6%), its largest one-day drop since at least Oct 2. 🐋 That day carried 15 transfers above $1M and ~$20M in net exchange outflows, with outflows running about 8x their Oct 11 to 15 average. 📈 PEPE then rose ~13% from its Oct 17 close to its Oct 22 close, while BTC and ETH finished that span roughly flat. 🔀 From Oct 19 to 22, exchange supply climbed back by 2.11T, with net inflows on Oct 20, 21 and 22. Exchanges have taken back the equivalent of over 40% of what left on Oct 16. 🔗 Explore PEPE supply on exchanges in Sanbase: https://app.santiment.net/charts/pepe-supply-on-exchanges-32267?utm_source=x&utm_medium=post&utm_campaign=pepeexchange_1026&aff=33