According to on-chain analyst Ember, the giant whale that transferred 1.40 trillion PEPE (~ $18.01 million) into Binance in the first two days continued to withdraw 1,436 ETH (~ $4.94 million) from Binance 15 minutes ago. It appears that he is indeed selling PEPE for ETH: he has withdrawn 2,646 ETH (~ $9.04 million) from Binance after transferring PEPE into Binance, with an average price of $3,416.