PEPE Rises 13% as Exchange Outflows Hit 8x Average, Then Inflows Return

• —Exchange supply of PEPE dropped 4.77 trillion tokens (6%) on October 16, the largest single-day fall since October 2
• —Net outflows reached about $20 million, roughly 8x the October 11–15 daily average
• —PEPE rose about 13% from October 17 to 22 while BTC and ETH stayed flat
• —Between October 19 and 22, 2.11 trillion PEPE returned to exchanges, over 40% of the earlier outflow