A massive PEPE whale made headlines this Thursday

A massive PEPE whale made headlines this Thursday after withdrawing 506.2 billion frog-themed tokens from Binance

A massive PEPE whale made headlines this Thursday after withdrawing 506.2 billion frog-themed tokens from Binance, stirring interest in the meme coin.

On-chain data confirms that early PEPE investor Qianbaidu.eth has been diligently accumulating large amounts of the meme coin. Previously, this whale secured a $7.34 million profit, representing a 110% gain from PEPE trades.

Now, after the latest withdrawal, they hold 699.8 billion tokens, valued at $5.11 million, with a floating profit of $164,000, reflecting a 2.8% increase.

This surge in whale holdings follows a broader accumulation trend among major investors. Since early March, balances between 1 trillion and 10 trillion PEPE have grown significantly, jumping from 131.81 trillion to 152.01 trillion. This 15.3% increase in holdings signals strong investor confidence in the meme coin’s future trajectory.

PEPE’s Bullish Momentum Gains Strength

Recently, PEPE’s price action has defied expectations, outperforming Bitcoin (BTC) over the past week. This price strength aligns with growing token scarcity on centralized exchanges (CEXs) and mounting buying pressure. As the broader meme coin sector experiences a resurgence, investors are closely watching its potential breakout.

Despite the heavy accumulation, the meme coin saw a minor dip of over 2% intraday, landing at $0.00000859. Over the last day, the token even touched a low of $0.00

The above is the detailed content of A massive PEPE whale made headlines this Thursday. For more information, please follow other related articles on the PHP Chinese website!