A whale identified as “cookislandstrust.eth” has made significant moves in the PEPE and ETH markets over the past week. This investor, known for strategic purchases during market dips, has once again demonstrated their market acumen by investing heavily in PEPE and Ethereum (ETH). The whale’s recent activities, highlighted in a post by Spot On Chain, shed light on their market strategy and the potential impact on these tokens.
In the past seven days, “cookislandstrust.eth” invested a total of $3.13 million in USDT to acquire 420 billion PEPE tokens. The whale executed these purchases on two occasions, including a substantial acquisition during a major market dump on August 5. These strategic buys have positioned the whale to realize a gain of $170,000, representing a 5.4% increase in the value of the PEPE tokens.
Additionally, the whale made a substantial investment in Ethereum, spending $7.05 million in USDT to purchase 2,978 ETH. This purchase was also timed around the bottom of the market on August 5, demonstrating the whale’s keen sense for market timing. As a result, the ETH holdings have yielded an unrealized gain of $534,000, marking a 7.58% increase in value.
In a related analysis by CRYPTO IVANOV, the PEPE price continues to exhibit positive momentum in the daily market structure. The price has experienced a correction, followed by a manipulation that brought it to a lower area.
PEPE Eyes Bullish Rebound Despite Recent Fakeout: AnalysisThis movement allowed for the accumulation of liquidity, which now positions PEPE for a potential upward trend. The analysis suggests that the target price could reach the open liquidity peaks at the range high level, indicating a potential bullish trend for PEPE in the near term.
At press time, PEPE was trading at $0.000008004 with a market cap of $3.37 billion. The trading volume in the past 24 hours has reached $694.2 million, up 44.78%. On the other hand, Ethereum (ETH) was trading at $2,574.02 with a market cap of $309.42 billion and a 24-hour trading volume of $15.52 billion, marking a significant 72.91% increase in trading activity.
