PANews reported on August 14 that on-chain data showed that a whale (cookislandstrust.eth) bought 420 billion PEPE (worth $3.13 million) at the bottom of the market crash, and sold all of it 45 minutes ago for $3.16 million in USDC, making a profit of only $30,000. The whale spent a total of $3.13 million in USDT on August 5 and August 12 to buy 420 billion PEPE.

In addition, he also spent 7.05 million USDT to buy 2,978 ETH at an average price of $2,367 after the 8/5 crash. This has not been sold yet.