Crypto Whale Buys the Dip: Accumulates PEPE and ETH
Release: 2024/08/12 21:43 Reading: 831
Crypto Whale Buys the Dip: Accumulates PEPE and ETH
A crypto whale with the address "cookislandstrust.eth" has been actively acquiring PEPE tokens during market downturns. In the past seven days, the whale has accumulated 420 billion PEPE tokens in two transactions, spending a total of $3.13 million. The initial purchase occurred during the significant market crash on August 5th, followed by a second purchase hours later. These strategic buys have yielded a profit of $170,000, representing a 5.4% gain.
In addition to PEPE, the whale also took advantage of the market downturn on August 5th to acquire 2,978 ETH, investing a total of $7.05 million.
Crypto traders have interpreted these moves as bullish, indicating confidence in the future prospects of both PEPE and Ethereum.
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