420 Billion Pepe (PEPE) Movement Stuns Crypto Community

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As a seasoned crypto investor with over a decade of experience navigating the volatile waters of the digital asset market, I must admit that witnessing such moves from established whales can be both exciting and nerve-wracking. The recent actions of “cookislandstrust.eth” in Pepe (PEPE) have certainly caught my attention.

As an analyst, I’ve just observed a massive strategic shift from a prominent player in our market concerning Pepe (PEPE), a highly favored meme coin. This action has sparked a lot of excitement and left many in awe. Remarkably, this development unfolded at a critical juncture when the PEPE price was battling to surge upward.

According to Spot On Chain, a significant crypto investor known as “cookislandstrust.eth” has been attempting to acquire Pepe coins today. It’s worth mentioning that this is not the first time this large investor has bought the meme coin. The on-chain tracking service has indicated some recent stockpiling of the coin by this whale.

Pepe whale ignites buying spree

Over the past week, the whale bought a whopping 420 billion PEPE tokens on two different occasions. They used around 3.13 million USDT to buy Pepe. The first purchase was conducted during the big crypto crash on Aug. 5. The second purchase of the meme coin was completed just a few hours ago.

The whale is clearly buying the dips as the price of PEPE coin is going through a downturn today. As of now, it is trading at $0.000008172, after a decrease of 4.95% in the last 24 hours. The market cap of Pepe is also down 4.4% to $3.46 billion. Despite the price dip, Spot On Chain revealed that the whale is currently sitting on a profit of $170,000. This is an increase of 5.4% on the initial investment.

Whale goes bullish on Ethereum

Additionally, it emerged that the same investor holds a positive outlook towards Ethereum (ETH), the second-largest cryptocurrency by market capitalization. This substantial investor made a purchase of approximately 2,978 ETH using nearly 7.05 million USDT. This transaction took place during the market downturn on August 5th.

As a crypto investor, I’ve noticed a substantial gain from my recent Ethereum (ETH) purchase. Specifically, I stand to make approximately $534,000 in profit. This represents a significant increase of 7.58% on my initial investment. These figures suggest promising bullish trends for both PEPE and ETH, as investor confidence continues to grow steadily over time.

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2024-08-12 14:46