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.
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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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People Also Ask:
It’s a legendary wallet nicknamed “ThisWillMakeYouLoveAgain.” This person bought billions of PEPE super early (when it was dirt cheap in 2024), rode it all the way up, and just cashed out over $36 million in pure profit by sending everything to Coinbase. Total clean exit—no PEPE left.
PEPE had a huge run, but lately it’s been dropping hard (down more than 33% in the past month). The whale saw the party slowing down, took their massive gains, and moved the money into something they think has more room to grow—Aster coin.
Aster is the token for a big decentralized trading platform (think Binance but on-chain). It makes millions in fees every day, and right now 70-80% of those fees go to buy back and burn ASTER tokens. That makes the price go up over time and gives holders real rewards—way more “useful” than most meme coins.
Winning big already. They swapped their PEPE profits for about 8.9 million ASTER tokens at around $0.90–$1.00 each. Right now Aster is trading around $1.15+, so their new bag is already worth over $10 million and up roughly $3–4 million in just two weeks.
Not necessarily. One whale leaving hurts the price short-term (PEPE is down another 3% this week), but other whales are actually buying the dip right now. PEPE is still the king of memes—super volatile, can moon again if sentiment flips, but it’s dubious.
