Deep pockets, large urge for food. A serious participant within the cryptocurrency world has moved numerous Pepe cash. In keeping with experiences, this whale, often known as qianbaidu.eth, took out 506 billion Pepe tokens from the Binance change on March 26, 2025.
Huge Urge for food
That’s numerous cash, value about $4.4 million. This isn’t the primary time this explicit whale has performed with Pepe; they beforehand made a superb chunk of cash, round $7.34 million, buying and selling this meme coin.
qianbaidu.eth, an early PEPE purchaser who as soon as made a $7.34M revenue (+110%), withdrew 506.2B $PEPE ($4.4M) from #Binance ~10 hours in the past!
Now, the whale holds 699.8B $PEPE ($5.11M), with a floating revenue of $164K (+2.8%).
Observe @spotonchain and observe the whale’s two lively… pic.twitter.com/8NRljYTIBs
— Spot On Chain (@spotonchain) March 27, 2025
Market Exhibits Some Energy
Why is Pepe instantly attracting the eye of those main traders? Because the story notes, Pepe has skilled some notable peaks previously.
Its total market worth was $1.6 billion in 2023. It reached an excellent better $11 billion in December 2024. These whales could also be feeling extra assured on account of their earlier efficiency.
Extra Folks Are Holding Pepe
The variety of individuals holding the meme coin has additionally gone up just lately. Experiences point out that 542 new Pepe holders appeared in March 2025.
Whereas the variety of individuals holding Pepe for a very long time has decreased, the truth that new traders are coming in, mixed with the whales’ shopping for exercise, suggests there could be some renewed curiosity within the coin.
Some imagine that this whale shopping for frenzy could also be signaling that the value of Pepe could rise as soon as extra. They recall the best way the value skyrocketed earlier, pushed by web hype. The one query is that if that is only a non permanent rise in value, or if Pepe could once more expertise a giant spike like final time.
It’s value remembering that cryptocurrencies, significantly meme cash similar to Pepe, will be extraordinarily unstable. What the massive traders do could at instances present a clue as to the place the market is heading, however it isn’t a promise.
Folks must train warning and perform their very own analysis earlier than doing something about shopping for or promoting.
Featured picture from Gemini Imagen, chart from TradingView