Pepe

Spot

<ul> 
 <li>A whale named “cookislandstrust.eth” bought 420 billion PEPE during market dips, now seeing significant profits.</li> 
 <li>A cryptocurrency analyst has given bullish predictions for Pepe Coin, reflecting growing interest and potential in the token.</li> 
</ul> 
According to a <a href="https://twitter.com/spotonchain/status/1822812879655248030">post</a> by Spot On Chain on X, there has been a huge move in the cryptocurrency sector regarding Pepe Coin, a popular meme coin. A whale, known as “cookislandstrust.eth,” has been actively buying PEPE amid drops, indicating confidence in the token’s prospects. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 A whale named “cookislandstrust.eth” is trying to buy <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> at dip again! 
 In the past 7 days, the whale has spent a total of 3.13M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a> to buy 420B <a href="https://twitter.com/search?q=%24PEPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$PEPE</a> on 2 occasions, including the big dump on Aug 5 and 2 hours ago, now making $170K (+5.4%). 
 The whale also spent 7.05M <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a>… <a href="https://t.co/QVnbW5AGYz">pic.twitter.com/QVnbW5AGYz</a> 
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1822812879655248030?ref_src=twsrc%5Etfw">August 12, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h2 id="strong-whale-spends-3-13m-usdt-to-buy-420b-pepe-during-market-dips-strong">Whale Spends 3.13M USDT to Buy 420B PEPE During Market Dips&nbsp;</h2> 
This whale has spent a total of 3.13 million USDT over the last seven days to acquire 420 billion PEPE tokens through two distinct transactions. These transactions occurred on August 5 and 12, which were severe market downturns. This smart decision has resulted in a profit of $170,000, a 5.4% increase. 
Furthermore, this whale has not limited its actions to <a style="color: #008000;" href="https://www.crypto-news-flash.com/pepe-price-explodes-11-could-another-10-price-rally-be-imminent/">PEPE</a> alone. On August 5, around the market’s trough, the whale spent 7.05 million USDT to buy 2,978 ETH. This maneuver has proven to be highly profitable, as the whale now earns $534,000, representing a 7.58% gain. 
Such activities by a well-known whale frequently draw attention from the community, as they may imply possible bullish trends or high support levels for the tokens involved. 
As of writing, PEPE is trading at $0.000008178, up 3.09% over the last 24 hours. This jump has increased its market cap to roughly $3.44 billion, demonstrating that the token is gaining attention and investment despite the larger market volatility. 
<div class="cryptoboxes" id="mcw-685769" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="pepe" data-symbol="PEPE" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="day" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
Earlier this month, CNF <a style="color: #008000;" href="https://www.crypto-news-flash.com/pepe-whale-moves-huge-profits-and-market-impacts/">reported</a> on another major whale transaction in which a whale transferred 400 billion PEPE into Binance. This action resulted in a significant profit of $5.85 million, representing a stunning 230% return on investment (ROI). 
The same whale withdrew 795.92 billion PEPE from Binance on March 1, for a total of $2.55 million. These large-scale movements by whales can frequently have a significant impact on the market, influencing both price action and investor mood. 
Furthermore, as we previously <a style="color: #008000;" href="https://www.crypto-news-flash.com/pepe-wif-and-popcat-set-for-significant-moves-according-to-crypto-analyst/">highlighted</a>, a well-known crypto analyst has provided bullish predictions for PEPE, as well as other tokens such as WIF and POPCAT.

Whale Buys 420B Pepe Coin Amid Dips: Analyst Predicts Bullish Future

Table of Contents

Crypto News Flash

Other articles published on Aug 14, 2024

Rollblock Pushing into Crypto Stardom as 9,000 Users Join; DOGE & AVAX Investors Among Thousands ...

Stablecoins bring financial inclusion, but their fate is still undecided | Opinion

Pump.fun Overtakes Ethereum in This Race, But Why are Users Frowning?

Anticipated Bitcoin Price Hike Might Take it Up to $190k- Analyst

Federal officials consider breaking up Google following antitrust ruling

Valhalla Gains Premier League Spotlight

Join our free newsletter for daily crypto updates!