Pepe Coin Saw an Opportunity Again and Bought the Drop: It's Already in the Black!

The crypto whale continues to accumulate meme coins by taking advantage of the drops.

According to data provided by the on-chain analysis platform Lookonchain, a whale has become a hot topic while evaluating every opportunity to buy Pepe (PEPE).

The whale in question, with the wallet address cookislandstrust.eth, has purchased a total of $420 billion worth of PEPE in the last 7 days, including the big drop on August 5 and the big drop on August 12, worth $3.13 million.

The whale's current profit from this PEPE investment is positioned at $170,000.

The whale also spent $7.05 million USDT to buy 2,978 ETH around the bottom on August 5, and has a profit of $534,000 on this investment.

Such movements by crypto whales can lead to major fluctuations in the markets and affect the decisions of small investors. Therefore, it is becoming more important than ever for cryptocurrency investors to follow market movements closely and make strategic moves.

Although meme coins like PEPE pose great risks due to their high volatility, they can also offer great earning opportunities.

This situation once again demonstrates how valid the “high risk, high reward” philosophy is in the cryptocurrency world.

According to the data, PEPE, which has lost 10% of its value in the last 24 hours, is trading at $0.000007719 at the time of writing.

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