Whale deposits 366.97B PEPE worth $1.64M to Coinbase

A single transfer to an exchange is a weak signal on its own, and the framing here rests on inference rather than confirmed intent — a deposit can precede a sale, but it can also reflect custody changes or internal reshuffling. What gives it weight is the size relative to a memecoin's typical liquidity, where a position of this scale can move sentiment well beyond its dollar value. The open question is whether the deposit is followed by an actual sale or by a withdrawal back off-exchange, which would reverse the read entirely.