Deep pockets, massive urge for food. A serious participant within the cryptocurrency world has moved quite a lot of Pepe cash. In response to experiences, this whale, often known as qianbaidu.eth, took out 506 billion Pepe tokens from the Binance trade on March 26, 2025.
Massive Urge for food
That’s quite a lot of cash, value about $4.4 million. This isn’t the primary time this specific whale has performed with Pepe; they beforehand made 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%).
Comply with @spotonchain and monitor the whale’s two energetic… pic.twitter.com/8NRljYTIBs
— Spot On Chain (@spotonchain) March 27, 2025
Market Exhibits Some Power
Why is Pepe out of the blue attracting the eye of those main buyers? 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 larger $11 billion in December 2024. These whales could also be feeling extra assured because of their earlier efficiency.
Extra Folks Are Holding Pepe
The variety of folks holding the meme coin has additionally gone up not too long ago. Studies point out that 542 new Pepe holders appeared in March 2025.
Whereas the variety of folks holding Pepe for a very long time has decreased, the truth that new buyers are coming in, mixed with the whales’ shopping for exercise, suggests there may 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 akin to Pepe, could be extraordinarily unstable. What the large buyers do could at instances present a clue as to the place the market is heading, nevertheless 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