{"id":3740,"date":"2025-03-29T05:11:07","date_gmt":"2025-03-29T05:11:07","guid":{"rendered":"https:\/\/bitcotasks.com\/blog\/whale-grabs-506-billion-pepe-is-a-price-explosion-near\/"},"modified":"2025-03-29T05:11:07","modified_gmt":"2025-03-29T05:11:07","slug":"whale-grabs-506-billion-pepe-is-a-price-explosion-near","status":"publish","type":"post","link":"https:\/\/bitcotasks.com\/blog\/whale-grabs-506-billion-pepe-is-a-price-explosion-near\/","title":{"rendered":"Whale Grabs 506 Billion PEPE\u2014Is A Price Explosion Near?"},"content":{"rendered":"

Deep pockets, big appetite. A major player in the cryptocurrency world has moved a lot of Pepe coins. According to reports, this whale, known as qianbaidu.eth, took out 506 billion Pepe tokens from the Binance exchange on March 26, 2025.<\/p>\n

Big Appetite<\/h2>\n

That’s a lot of coins, worth about $4.4 million. This isn’t the first time this particular whale has played with Pepe<\/a>; they previously made a good chunk of money, around $7.34 million, trading this meme coin.<\/p>\n

\n

qianbaidu.eth, an early PEPE buyer who once made a $7.34M profit (+110%), withdrew 506.2B $PEPE<\/a> ($4.4M) from #Binance<\/a> ~10 hours ago!<\/p>\n

Now, the whale holds 699.8B $PEPE<\/a> ($5.11M), with a floating profit of $164K (+2.8%).<\/p>\n

Follow @spotonchain<\/a> and track the whale\u2019s two active\u2026 pic.twitter.com\/8NRljYTIBs<\/a><\/p>\n

\u2014 Spot On Chain (@spotonchain) March 27, 2025<\/a><\/p>\n<\/blockquote>\n

\"\"<\/p>\n

Market Shows Some Strength<\/p>\n

Why is Pepe suddenly attracting the attention of these major investors? As the story notes, Pepe has experienced some notable peaks in the past.<\/p>\n

Its entire market value was $1.6 billion in 2023. It reached an even greater $11 billion in December 2024. These whales<\/a> may be feeling more confident as a result of their previous performance.<\/p>\n

\"\"
\nMore People Are Holding Pepe<\/p>\n

The number of people holding the meme coin has also gone up recently. Reports indicate that 542 new Pepe holders appeared in March 2025.<\/p>\n

While the number of people holding Pepe for a long time has decreased, the fact that new investors are coming in, combined with the whales’ buying activity, suggests there might be some renewed interest in the coin.<\/p>\n

Some believe that this whale buying frenzy may be signaling that the price<\/a> of Pepe may rise once more. They recall the way the price skyrocketed earlier, driven by internet hype. The only question is if this is just a temporary rise in price, or if Pepe may again experience a big spike like last time.<\/p>\n

It’s worth remembering that cryptocurrencies, particularly meme coins such as Pepe, can be extremely volatile. What the big investors do may at times provide a clue as to where the market is heading, but it isn’t a promise.<\/p>\n

People need to exercise caution and carry out their own research before doing anything about buying or selling.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Deep pockets, big appetite. A major player in the cryptocurrency world has moved a lot of Pepe coins. According to reports, this whale, known as qianbaidu.eth, took out 506 billion Pepe tokens from the Binance exchange on March 26, 2025. Big Appetite That’s a lot of coins, worth about $4.4 million. This isn’t the first…<\/p>\n","protected":false},"author":1,"featured_media":3741,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[550],"tags":[98,65,19,141,163,555,2064,489],"class_list":["post-3740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-meme-coins","tag-altcoins","tag-bitcoin","tag-crypto","tag-meme-coins","tag-memecoins","tag-pepe","tag-pepecoin","tag-whales"],"_links":{"self":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3740","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/comments?post=3740"}],"version-history":[{"count":0,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/posts\/3740\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media\/3741"}],"wp:attachment":[{"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/media?parent=3740"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/categories?post=3740"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcotasks.com\/blog\/wp-json\/wp\/v2\/tags?post=3740"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}