According to U.Today, a major whale investor has recently made substantial transactions involving Pepe (PEPE) and Ethereum (ETH), generating considerable market interest. This activity comes at a time when the price of PEPE is struggling to gain upward momentum. The whale, identified as “cookislandstrust.eth” by the on-chain tracking service Spot On Chain, has been actively purchasing Pepe coins. This is not the first time this large investor has acquired the meme coin, as recent accumulations have been noted. Over the past week, the whale bought a total of 420 billion PEPE tokens in two separate transactions, spending approximately 3.13 million USDT. The first purchase occurred during a significant crypto market crash on August 5, while the second transaction was completed just a few hours ago. Despite the current downturn in PEPE's price, which is trading at $0.000008172 after a 4.95% decrease in the last 24 hours, the whale's strategy appears to be buying the dips. The market cap of Pepe has also declined by 4.4% to $3.46 billion. Nevertheless, Spot On Chain reports that the whale is currently sitting on a profit of $170,000, representing a 5.4% increase on the initial investment. In addition to the activity in PEPE, the same investor has shown bullish behavior towards Ethereum. The whale used nearly 7.05 million USDT to purchase 2,978 ETH during the market downturn on August 5. This investment has yielded a profit of approximately $534,000, marking a 7.58% increase on the initial investment. These significant transactions by the whale indicate strong bullish signals for both PEPE and ETH, suggesting rising investor confidence in these cryptocurrencies.