Deep pockets, huge urge for food. A serious participant within the cryptocurrency world has moved lots of Pepe cash. In line with stories, 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 lots of cash, price about $4.4 million. This isn’t the primary time this specific 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 monitor the whale’s two energetic… pic.twitter.com/8NRljYTIBs
— Spot On Chain (@spotonchain) March 27, 2025
Market Reveals Some Power
Why is Pepe instantly attracting the eye of those main buyers? Because the story notes, Pepe has skilled some notable peaks previously.
Its whole market worth was $1.6 billion in 2023. It reached an excellent higher $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 lately. 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 consider that this whale shopping for frenzy could also be signaling that the price 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 short-term rise in worth, or if Pepe could once more expertise a giant spike like final time.
It’s price remembering that cryptocurrencies, notably meme cash similar to Pepe, might be extraordinarily unstable. What the massive buyers do could at instances present a clue as to the place the market is heading, however it isn’t a promise.
Folks 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