Whale qianbaidu.eth Buys 506 Billion Pepe Tokens, Holds 699.8 Billion

In a significant move within the cryptocurrency market, a major player known as qianbaidu.eth has acquired 506 billion Pepe tokens from the Binance exchange on March 26, 2025. This substantial purchase, valued at approximately $4.4 million, is not the first time this whale has engaged with Pepe coins. Previously, qianbaidu.eth made a profit of around $7.34 million by trading this meme coin.

Following this recent transaction, qianbaidu.eth now holds a total of 699.8 billion Pepe tokens, valued at $5.11 million, with a floating profit of $164,000, representing a 2.8% increase. This move has sparked speculation about the potential for a price explosion in the Pepe coin market.

The interest in Pepe coins has been fueled by its past performance. In 2023, the entire market value of Pepe reached $1.6 billion, and by December 2024, it had surged to $11 billion. These historical peaks have likely boosted the confidence of major investors, including qianbaidu.eth, in the potential for future gains.

Additionally, the number of individuals holding Pepe coins has increased recently. Reports indicate that 542 new Pepe holders emerged in March 2025. Although the number of long-term holders has decreased, the influx of new investors, combined with the buying activity of whales, suggests a renewed interest in the coin.

Some analysts believe that the recent buying frenzy by whales could signal an impending rise in the price of Pepe. They draw parallels to the previous price surge driven by internet hype. However, it remains uncertain whether this is a temporary price increase or if Pepe will experience another significant spike similar to its past performance.

It is important to note that cryptocurrencies, especially meme coins like Pepe, are highly volatile. While the actions of major investors can sometimes provide insights into market trends, they do not guarantee future performance. Investors should exercise caution and conduct thorough research before making any buying or selling decisions.