In recent market fluctuations, crypto whales have strategically leveraged downturns to bolster their holdings, particularly in memecoins like PEPE. After a significant market slump that saw Bitcoin (BTC) and Ethereum (ETH) drop by over 20% and 24%, respectively, PEPE also experienced a 28% decline. This dip, however, provided an opportune moment for savvy investors.On-chain data from Lookonchain reveals that a whale, having sold 795.92 billion PEPE tokens since August 1, reinvested 400 billion tokens, valued at approximately $4.2 million, back into the market. This move yielded a substantial 230% return on investment, with the total profit reaching $5.06 million.Conversely, another whale, identified as “cookislandstrust.eth,” capitalized on the price dip by purchasing 300 billion PEPE tokens on August 5 and an additional 120 billion on August 12. Spending 3.13 million USDT, this investor achieved unrealized profits of over $170,000. Additionally, the same address acquired 2,978 ETH for $7.05 million on August 5, generating over $500,000 in unrealized gains.PEPE has shown signs of recovery, climbing 10% from its recent low. After a brief dip to $0.0000076, the token rebounded to $0.00000823, reflecting a 36% surge over the week. Crypto trader Trade4ddict noted PEPE’s resilience, observing that it had “confirmed a breakout” from its recent price range, suggesting potential for further gains.With PEPE recovering and the broader market showing signs of stabilization, the memecoin is positioned for possible upward momentum, potentially challenging key resistance levels and aiming for new all-time highs.
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Vaibhavv Ali is the founder and editor of Cryptonite (cryptonite.ae), an independent digital-asset news and analysis publication with a UAE focus. He covers virtual-asset regulation — VARA, ADGM and the UAE Central Bank — alongside real-world-asset tokenization, stablecoins and agentic AI in finance. Every Cryptonite article is human-edited and its sources are linked. He is also a celebrated speaker and host.
