Anonymous Whale 'cookislandstrust.eth” Accumulates 420B $PEPE and 2,978 ETH Amid Market Dip, Making $704K in Unrealized Gains

Taking advantage of PEPE's price dip, an anonymous whale known as “cookislandstrust.eth” has been on an accumulation spree.

An anonymous whale known as “cookislandstrust.eth” has been accumulating a large amount of PEPE tokens and ETH, taking advantage of the recent price dips.

According to on-chain data, the whale spent a total of 3.13 million USDT to purchase 420 billion $PEPE in two separate transactions over the past seven days. The first transaction occurred during the market dump on August 5, and the second purchase was made recently, resulting in a realized profit of $170,000 (5.4%).

In addition to PEPE tokens, the whale also acquired 2,978 ETH on August 5, spending 7.05 million USDT and amassing an unrealized gain of $534,000 (7.58%).

The massive buying spree by “cookislandstrust.eth” has sparked interest among market enthusiasts and traders. Generally, whale buying activity is considered a bullish signal, indicating optimism that the price of the asset will rise in the future.

However, it’s important to note that the massive profits made by the whale from both PEPE and ETH investments are not guaranteed and can be risky. While the actions of such large investors can provide valuable insights into market sentiment, it is always crucial to conduct thorough research before making investment decisions.

The above is the detailed content of Anonymous Whale 'cookislandstrust.eth” Accumulates 420B $PEPE and 2,978 ETH Amid Market Dip, Making $704K in Unrealized Gains. For more information, please follow other related articles on the PHP Chinese website!