Crypto whales have taken advantage of the recent market downturn, acquiring a significant amount of the meme coin Pepe (#PEPE) totaling around $5.56 million. This coincides with a broader decline in the crypto market. Spot On Chain highlighted the activity of a prominent whale, wallet address 0xa14, who has made multiple transactions resulting in an estimated profit of $1.63 million. Additionally, other traders, like 0xa4F and 0x895, have been accumulating PEPE. Despite Bitcoin's dip, PEPE has shown resilience, currently up nearly 7% from Friday's low.