Shiba Inu and PEPE whales are making significant moves in a market filled with uncertainty. Large amounts of these meme coins are being transferred to centralized exchanges like Binance, indicating potential sell-offs. This could exert additional pressure on the prices of Shiba Inu and PEPE, which are already struggling.

A notable Shiba Inu whale transferred 1.8 trillion SHIB tokens to Binance. According to Spot On Chain, this transaction was worth $18.2 million, with the whale realizing a 79% return on investment, having bought the tokens during a market low.

Similarly, a PEPE whale transferred 700 billion tokens worth $7.38 million to Binance. Unlike the Shiba Inu whale, this PEPE whale is currently facing a 12% loss, amounting to $3.47 million.

The destination of these transactions is significant. When large amounts of tokens are sent to centralized exchanges, it often suggests that the holders intend to sell. If these whales proceed with selling their tokens, it could lead to further price declines for Shiba Inu and PEPE due to increased supply in the market.