Deep pockets, bigger problems. A whale—let’s call it Moby Dick of the crypto world—just gobbled up 506 billion Pepe coins like they were krill at an all-you-can-eat buffet. According to the internet’s version of gossip, this whale, known as qianbaidu.eth, vacuumed up those tokens from Binance on March 26, 2025. I’m not saying it’s a lot, but if you stacked those coins, you could probably build a ladder to the moon. 🌕
That’s $4.4 million worth of Pepe, which, coincidentally, is also the amount I’ve spent on avocado toast in my lifetime. This isn’t the whale’s first rodeo, either. It previously cashed in $7.34 million trading this meme coin, which is more than I’ve made in my entire career as a writer. 🥑
qianbaidu.eth, an early PEPE buyer who once made a $7.34M profit (+110%), withdrew 506.2B $PEPE ($4.4M) from #Binance ~10 hours ago!
Now, the whale holds 699.8B $PEPE ($5.11M), with a floating profit of $164K (+2.8%).
Follow @spotonchain and track the whale’s two active…
— Spot On Chain (@spotonchain) March 27, 2025
Why is Pepe suddenly the belle of the crypto ball? Well, it’s had its moments. In 2023, its market value was $1.6 billion, and by December 2024, it ballooned to $11 billion. That’s like going from a studio apartment in Brooklyn to a penthouse in Manhattan, except with more frogs. 🐸
The number of Pepe holders has increased by 542 in March 2025. That’s 542 more people who can now say, “I invested in a meme coin and all I got was this lousy T-shirt.” While long-term holders are jumping ship, the influx of new investors and the whales’ feeding frenzy suggest that Pepe might be having a moment. Or maybe it’s just gas. 💨
Some optimists think this whale activity could signal another price explosion. They’re probably the same people who thought Dogecoin would buy them a private island. Remember, meme coins are like roller coasters—thrilling, nauseating, and occasionally vomit-inducing. 🎢
Cryptocurrencies, especially meme coins like Pepe, are as stable as a Jenga tower in an earthquake. What the whales do might give you a hint, but it’s not a guarantee. So, before you mortgage your house to buy Pepe, maybe do some research. Or, you know, just buy a lottery ticket instead. 🎰
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2025-03-29 02:12