Deep pockets, massive urge for food. A significant participant within the cryptocurrency world has moved quite a lot of Pepe cash. Based on reviews, this whale, often known as qianbaidu.eth, took out 506 billion Pepe tokens from the Binance trade on March 26, 2025.
Large Urge for food
That’s quite a lot of cash, value about $4.4 million. This isn’t the primary time this explicit whale has performed with Pepe; they beforehand made a very good 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 energetic… pic.twitter.com/8NRljYTIBs
— Spot On Chain (@spotonchain) March 27, 2025
Market Exhibits Some Energy
Why is Pepe all of the sudden attracting the eye of those main traders? Because the story notes, Pepe has skilled some notable peaks up to now.
Its whole market worth was $1.6 billion in 2023. It reached a fair 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 folks holding the meme coin has additionally gone up just lately. Stories 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 traders are coming in, mixed with the whales’ shopping for exercise, suggests there is likely to be some renewed curiosity within the coin.
Some consider that this whale shopping for frenzy could also be signaling that the value of Pepe could rise as soon as extra. They recall the way in which 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 reminiscent of Pepe, might be extraordinarily risky. What the large 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
