PEPE surged 34% and then plummeted, but whales spent $3.13 million to buy the bottom, and the future trend remains a mystery!
The coin market is so exciting, like a roller coaster, up and down. Take PEPE for example, it is a very popular meme coin. In the past seven days, the price has risen sharply, more than 34%, which makes people jealous.
But guess what? As we speak, the price of this coin has fallen a little bit, falling by 1.82% in 24 hours. Although it is not much, it is a bit unpleasant. What's more strange is that although the price has not risen much, there are a lot of buyers and sellers, especially there are more sellers and fewer buyers, and the trading volume has risen by 42%. It's really incomprehensible.
However, there is good news. The Changelly guys said that the PEPE coin may rise in the next few days. They say that around August 15, PEPE will rise to around $0.00001041, 24% higher than now. Once this number goes up, you can't even see zero. For those who invest in meme coins, it's like a long-awaited rain.
Let's talk about the "whale", whose name is "cookislandstrust.eth". This guy is famous in the currency circle and chooses the right time to make a move. Recently, he made two moves, and each time he bought a lot of PEPE coins, adding up to 420 billion, spending almost $3.13 million. The first time was on August 5, when the entire cryptocurrency market was falling, but he didn't panic at all and continued to buy. The second time he bought was not long after the first time. This courage is undeniable.
You see, the price of PEPE is falling, but the whale is taking the opportunity to pick up bargains and buy at low prices. Although the overall market value of PEPE has dropped a bit, down 4.4%, and is now $3.54 billion, this whale still made a profit of $170,000, with a return on investment of 5.4%. This vision and courage are really admirable.
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