Deep pockets, large urge for food. A significant participant within the cryptocurrency world has moved numerous Pepe cash. In keeping with experiences, this whale, referred to as qianbaidu.eth, took out 506 billion Pepe tokens from the Binance alternate on March 26, 2025.
Massive 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 an excellent 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 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 complete market worth was $1.6 billion in 2023. It reached a fair higher $11 billion in December 2024. These whales could also be feeling extra assured because of their earlier efficiency.
Extra Individuals Are Holding Pepe
The variety of individuals holding the meme coin has additionally gone up not too long ago. Stories 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 buyers are coming in, mixed with the whales’ shopping for exercise, suggests there could be some renewed curiosity within the coin.
Some consider that this whale shopping for frenzy could also be signaling that the worth of Pepe could rise as soon as extra. They recall the way in which the worth skyrocketed earlier, pushed by web hype. The one query is that if that is only a momentary rise in value, or if Pepe could once more expertise an enormous spike like final time.
It’s value remembering that cryptocurrencies, significantly meme cash equivalent to Pepe, could be extraordinarily risky. What the large buyers do could at occasions present a clue as to the place the market is heading, but it surely isn’t a promise.
Individuals have to 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
