A significant player in the crypto world, known as cookislandstrust.eth (icrypto.ai/wallet/0x315e7…), has recently made substantial investments in $PEPE, continuing to capitalize on market dips.
On August 5, 2024, this whale investor seized the opportunity during a market downturn, spending $2.15 million to acquire 300 billion $PEPE tokens at an average price of $0.00007161. This purchase came in the wake of a panic sell-off, allowing the whale to buy in at a discounted rate.
Fast forward to just four hours ago, and this same whale doubled down on their $PEPE position, investing an additional $957,000 to purchase 120 billion more tokens at a slightly higher price of $0.00007981. As it stands, the whale is sitting on an unrealized profit of $173,000, demonstrating a shrewd approach to timing the market.
$PEPE – A Whale aka cookislandstrust.eth (https://t.co/qjMVfbsxo1) bought more $PEPE after previously catching the DIP 😳
On 08/05/2024, this Whale spent $2.15M to buy 300B $PEPE at an average price of $0.0(5)7161 after the panic sell-off.
Recently, 4 hours ago, this Whale… pic.twitter.com/MtJ5p81UOH
— iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) August 12, 2024
$PEPE Also Has Other Holdings Like $ETH
But $PEPE isn’t the only token in this whale’s portfolio. On the same day as the initial $PEPE buy, the investor also spent $7.05 million USDT to purchase 2,978 $ETH, taking advantage of the low prices at the time. This move has also paid off handsomely, with the value of the $ETH holdings increasing by $534,000, translating to a 7.58% gain.
A whale named “cookislandstrust.eth” is trying to buy $PEPE at dip again!
In the past 7 days, the whale has spent a total of 3.13M $USDT to buy 420B $PEPE on 2 occasions, including the big dump on Aug 5 and 2 hours ago, now making $170K (+5.4%).
The whale also spent 7.05M $USDT… pic.twitter.com/QVnbW5AGYz
— Spot On Chain (@spotonchain) August 12, 2024
The recent activities of cookislandstrust.eth highlight the importance of strategic buying during market dips and suggest confidence in the continued potential of $PEPE and $ETH. With significant unrealized gains already on the table, it will be interesting to see how this whale maneuvers in the coming days.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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