This big-win crypto vet, who’s made $36 million on PEPE, is now switching from internet-culture to utility coins.
A millionaire crypto whale who had previously clocked in a stupendous $36 million profit on PEPE Token (PEPE) has just switched sides. Going by the alias “ThisWillMakeYouLoveAgain”, this crypto investor splashed above $12 million on 8.93 million Aster coins (ASTER) since November 4, 2025.
At a rounded price of $0.98, this investment has already brought in $3.67 million in unrealized profits, notes LookOnChain. This signals a broader shift from meme coin assets to utility altcoins for the smart money, as this trader also holds a massive bag of Aave (AAVE), a token native to the popular crypto lending protocol.
Trouble Spells For PEPE As Whales Shift To Utility Alts
With Perpetual markets witnessing a renaissance a few months ago, jumping into Aster coin (ASTER) could be seen as rational due to Aster decentralized exchange’s (DEX) swift come-up, edging Hyperliquid by trading volume just two months into inception. That’s evident in the figures – ASTER coin inked 1,232% gains in two months, now trading at $1.33, according to CoinGecko.
For PEPE Token (PEPE), the past few months have been a bumpy road without any meaningful spikes, despite still edging most meme coin competition by trading volumes. However, the strongest trait of beyond $1 billion in daily Spot market volume is also fading off, registering below $300 million on Wednesday.
PEPE’s price sank 33.9% in a 30-day period, adding to a horrific 83% pullback since hitting the all-time high (ATH) of $0.00002803 on December 9, 2024. Is the frog-themed meme currency’s price bleeding about to stop? The on-chain metrics paint a dim PEPE picture in the near term.
Now, the ball is in the bear’s paws due to numerous factors. First of all, the Bull Bear Power (BBP) scales are still in deep bear territory. Other than that, the largest investors, popularly referred to as whales, are still actively taking profits. This has pushed the Chaikin Money Flow (CMF) to highly negative territory as well.
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