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
That\u2019s a lot of coins, worth about $4.4 million. This isn\u2019t 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 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\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 More 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\u2019 buying activity, suggests there might be some renewed interest in the coin.<\/p>\n