Once again, the world of cryptocurrency was shaken by the return of a legendary whale. This investor, who has made the best trading moves in the past, is now making tides in the memecoin sector.
We all know him for his impeccable trading, especially when he bought WBTC low and sold it high, raking in a huge $14.26 million profit.And now, he has returned, and this time the token he has his shark-like eyes set on is $PEPE, one of the hottest tokens in the memecoin space. In a surprising move, the wallet 0x3c9Ea5…8f757 made an aggressive and confident entry into $PEPE, acquiring a massive position worth $13.54 million.
Whale Makes Huge Bet on $PEPE
About 12 hours ago, a wallet made an enormous 1.5 trillion $PEPE tokens purchase at an average price of $0.000009026 per token. This is the first time this particular whale has interacted with the $PEPE, making it a highly significant event in the memecoin market. The $13.54 million purchase not only puts the whale as a major holder in the $PEPE ecosystem but also marks one of the largest single token buys seen in quite some time.
Legendary $WBTC Whale Just Ape’d into $PEPE with $13.54M
The whale who famously “bought low, sold high” on WBTC and pocketed $14.26M in profits is back—this time making waves in PEPE.— EyeOnChain 🔶 (@EyeOnChain) April 30, 2025
The record of this whale in the crypto area has made his every action look closely by investors and traders. Famous for his exact buying and selling strategies, this whale has a really nice reputation among some traders for making profitable market moves and racking up substantial amounts of money over his trading career, especially in volatile markets. Not so long ago, Pepe the Frog (a.k.a. $PEPE) was a beloved internet meme. Now, however, the token that underpins this meme (and, perhaps, this meme itself) is gaining respect in many circles. One whale’s recent dip into the $PEPE waters may, then, be tantamount to a tip in the token’s favor.
Although it’s too soon to forecast the overall effect of this whale’s maneuver, the purchase’s sheer scale is drawing notice to the memecoin sector, especially as it occurs amid some larger memecoins’ downturn in traded volume. Traders and analysts are therefore watchfully awaiting whether this substantial buy will serve as a renewable interest spark in $PEPE and other memecoins.
The State of the Memecoin Market: Volume Struggles and Potential for Price Movement
Even the attention generated by the whale’s $PEPE buy cannot mask the current slump in the memecoin market. A number of the major memecoins, including $DOGE, $PEPE, $BONK, and $WIF, are trading at reduced volumes. This is how some of the major memecoins rank at the moment in terms of their trading volume:
– $DOGE – $866 million
– $PEPE – $411 million
– $BONK – $270 million
– $WIF – $158 million
Significant trading activity decreases have occurred for some of the leading memecoins. Across the board, volumes for these tokens have really dried up. For a market like memecoins, where hype and volume often lead to price movements, the current low volume could be an obstacle to any substantial price increases. Volumes would probably need to at least double from their currently depressed levels for any real price action to happen.
Major memecoins down bad on volume.
• $DOGE: $866M (below 1B!)
• $PEPE: $411M
• $BONK: $270M
• $WIF: $158MWe need at least double this volume to see real price movement.
Until then — stay sharp, and watch for memecoins that buck the trend and show rising volume. pic.twitter.com/LZLHQQpVCq— MemecoinWire (@memecoinwire) April 30, 2025
Although a solitary purchase by a whale can momentarily influence a memecoin’s price, the kind of sustained upward trajectory that would lead to substantially higher prices usually requires not just buying pressure, but also buying volume and trading volume. A price that just goes up, but not a lot, is in a dangerous position: One with little cumulate effect on the traders who have taken long positions on the memecoin and, thus, with the look of a potential bull trap.
The arrival of a major whale in the $PEPE market, however, could be the spark that reignites enthusiasm and brings in more traders. If this whale’s move is seen as a vote of confidence in $PEPE’s long-term potential, it could set the stage for more substantial inflows into the token, boosting its volume and hopefully, in the crypto market’s current condition, leading to appreciation in its price.
Looking Ahead: Will This Whale’s Move Spark a Memecoin Revival?
This legendary whale moving into $PEPE is being scrutinized very closely by both retail traders and institutional investors. Being one of the largest on-chain buys in recent memory, it could act as a catalyst for broader interest in the memecoin market and, particularly, in $PEPE, which has been the most meme-able memecoin since its launch. The question now, however, is whether this single large buy can help revive the volume levels needed to see price movements that mean something in the memecoin sector.
Over the next few days, the memecoin market and $PEPE will be under close scrutiny to see how they react to this fresh interest. If even more investors jump into $PEPE, we could see market dynamics change in a pretty noticeable way. If trading volume doesn’t pick up, though, even sizable purchases might not lead to sustainable price changes for $PEPE.
In the end, the memecoin market is still a very high-risk sector of the cryptocurrency world, offering potentially high rewards but also quick and unpredictable price movements. If whales like the one that recently acquired $13.54 million worth of $PEPE keep making moves, we’ll find out soon in these next few weeks whether the memecoin space is going to start a whole new phase of growth or will continue to deal with low volume and minimal price action.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
No Comments