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Mustafa Mulla
Mustafa Mulla
Author
Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
- Feb 07, 2025 06:41 UTC
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Crypto Whales Are Buying These 2 Meme Coins: Is a Rally Coming?
A smart whale made $13.75 million profit, gaining 328% from PEPE trades.
Another whale withdrew 9.48 million WIF from Binance, signaling strong confidence.
Despite this huge whale accumulation crypto market is seeing a drop as WIF, PEPE plunge by 12% & 15% respectively.
Big players in the crypto market are grabbing headlines, and this time, they’re doubling down on meme coins. One whale has just locked in a staggering $13.75 million profit from trading Pepe (PEPE), while another has withdrawn millions worth of Dogwifhat (WIF) from Binance.
These massive trades have sparked speculation – are whales gearing up for the next big rally? With prices dipping despite the heavy buying, all eyes are now on what happens next.
Whale Nets $13.75M Profit on PEPE
A well-known crypto whale, identified by the wallet address “0xe7d,” recently made a big move. This trader spent 974.642 ETH—about $2.62 million—to buy 280.85 billion PEPE tokens just nine hours ago.
With this latest purchase, the whale now holds 1.404 trillion PEPE, valued at around $13.2 million. Even more impressive, they’ve secured a $13.75 million profit so far, marking a staggering 328% return.
New Whale Buys $7.17M Worth of WIF
Meanwhile, another major investor, linked to the wallet “4FhF5,” is making waves with a large Dogwifhat (WIF) purchase. Just 11 hours ago, this whale created a new wallet and withdrew 9.48 million WIF tokens—worth $7.17 million—from Binance.
While their strategy remains unclear, such large withdrawals often indicate confidence in the token’s future growth.
PEPE & WIF Price Update
PEPE’s price has taken a sharp 15% fall, now trading around $0.000009010 with a market cap of $3.84 billion. However, its 24-hour trading volume has jumped by 24%, reaching about $825 million.
This price drop comes amid broader market declines, fueled by economic tensions between the U.S. and China over increased tariffs.
Similarly, Dogwifhat (WIF) has also seen a 12% dip in the last 24 hours, bringing its market cap to $720 million. Despite the decline, some analysts believe that if WIF breaks out of its current ascending triangle pattern, it could first target $1.10.
Despite the market dip, these massive trades suggest confidence – whether they signal a comeback or a trap remains to be seen.
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