Whale Activity Continues to Surge as PEPE Token Sees Massive Withdrawals from Binance
The meme token PEPE has once again caught the attention of crypto enthusiasts, but for a different reason than when it first launched.
Whale activity is now decisive in determining the token’s market trajectory, and it’s happening in plain sight.
Recently, we witnessed one of the first large-scale buyers of PEPE, identified by the address ‘qianbaidu.eth,’ executing another huge withdrawal from Binance. This is part of what seems to be an ongoing accumulation of the token by large holders—an effort that some seem to be making with increasing speed.
The apparent confidence of these large holders in PEPE is leading some to ask what this could mean for the meme token’s price.
The Whale’s Move: A $4.4 Million Withdrawal from Binance
Earlier this week, a whale named qianbaidu.eth, who is known to have made a hefty profit on their initial investment in PEPE, further increased their holdings by withdrawing an incredible 506.2 billion PEPE tokens, worth about $4.4 million, from the popular crypto exchange Binance. This act of faith in the future of PEPE, concentrated in the hands of a couple of powerful sell-side players, is the very opposite of what we want to see.
To provide context, PEPE was acquired early by qianbaidu.eth, who turned it into a $7.34 million profit with a 110% return. Even now, this whale is still holding a large stash of PEPE: 699.76 billion, which is worth $6.07 million, according to two wallet addresses. Notably, the whale has within these wallets a floating profit of $227,000, or 3.88%. Even as PEPE’s price fluctuates, that 3.88% return indicates a steady upward trajectory.
Over just the past 5 days, the whale has taken out 695.09 billion PEPE tokens from Binance in 2 separate transactions. . . .
The average price of the PEPE tokens was about $0.000008342 apiece. . . .
The Acts of Whales continue to paint an interesting picture of the meme token’s prospects.
A Rising Trend of Whale Accumulation
The movements of qianbaidu.eth are far from isolated. Recent data suggests that whales are actively accumulating PEPE, signaling that larger players in the crypto space continue to see value in the token. Just recently, another newly created wallet withdrew a massive 500 billion PEPE tokens, worth an estimated $4.3 million, from Binance. This activity adds to the growing trend of whale interest, with multiple significant transactions taking place in a short period.
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… pic.twitter.com/8NRljYTIBs
— Spot On Chain (@spotonchain) March 27, 2025
The rise in sizeable withdrawals reflects a more extensive strategy of these whales to build and hold their PEPE positions. This accumulation surge often suggests a counterpart in whatever upside potential these whale holders expect or in whatever potential market moves they expect to benefit from as PEPE emerges further on the crypto scene.
Some traders view whale activity as a sign of market manipulation or overconfidence, but others take it as a seriously good sign for PEPE. Whale activity is one of the major influences on price dynamics in any token. This kind of purchase and these kinds of withdrawals have a serious impact on liquidity in any token, and they have a serious impact on market sentiment.
What Does This Mean for PEPE’s Future?
Whale activity makes one wonder what might be in store for PEPE. By nature, meme coins are prone to wide and wild price swings. Hype cycles, speculation, and social media make influence (for good or ill) that pumps up or deflates the price—it is a highly synthetic form of price discovery. However, those very same large price swings are what make certain buyers (and sellers) of meme coins potential “whales.” And large price swings are also what make potential peg holders of meme coins (plenty of which seem to have been #Pepe in our very recent past).
Such behavior is often seen when whales are preparing for a more sustained price movement, either in anticipation of new developments or a general market shift. It’s also worth noting that PEPE has demonstrated resilience in the face of broader market fluctuations, making it a potential favorite for long-term holders who believe in the token’s prospects to continue its rise.
Concurrently, the increase in whale activity could result in additional effects on the larger market. Should even more whales take to withdrawing PEPE from exchanges, then it might follow that this liquidity could become increasingly scarce, with consequent normal market forces generating pressure to increase the price. However, this also doesn’t preclude the whales’ potential to generate a price decrease if they don’t behave more like mooners than doomers. Should price volatility happen next, then any re-formation of a whale pod using these same units of PEPE could signal a next stage in the life of PEPE.
The Bigger Picture: A Shift in Meme Coin Dynamics?
Whale interest in PEPE is growing, and it may signal a shift in the meme coin market. With the past success of meme coins like Dogecoin and Shiba Inu, more projects than ever are trying to capture the public’s imagination, and PEPE is no exception. The ecosystem of PEPE has been heavy with whale activity lately, which might mean that investors are beginning to see meme coins as more than just speculation and as something with real long-term potential.
Although it is still too early to tell if PEPE will have a huge surge like some other leading meme coins, the current collection of the coin by big holders suggests that it is a top prospect. Over the next weeks and months, we will see if performance pushed by these big holders can keep going, if the token can fend off rivals attempting to gain attention, and if it can manage to ride whatever current is flowing in the broader crypto market.
At present, whale interest in PEPE indicates a clear sign of confidence. If anything, the future of the token seems to be full of even more surprises as these bigger holders continue to build up their positions. It being a Sunday, traders and investors have all the time in the world today to closely monitor the movements of these whales. They will surely be waiting with bated breath to see if the long-term pay off wins the day.
Disclosure: This is not trading or investment advice. Always do your research before buying any Metaverse crypto coins.
