Large PEPE Transfer to CEX Raises Speculation on Bitcoin Margin Increase

According to BlockBeats On-chain Detection, James Wynn recently transferred 203.7 billion PEPE tokens, valued at $2.82 million, to a centralized exchange (CEX) just minutes ago. Over the past three hours, Wynn has moved a total of 443.7 billion PEPE tokens, worth $6.17 million, to the trading platform. This activity is speculated to be related to increasing the margin for a Bitcoin position. Wynn initially acquired PEPE tokens at their lowest point on the day of their launch, achieving a return rate exceeding 4721 times. Prior to today's sale, Wynn had not engaged in any PEPE spot trading for the past month.