On August 12th, following a significant Bitcoin dip, a whale seized the opportunity to purchase nearly 120 billion Pepe [PEPE] tokens amid a market sell-off. This whale, known for buying dips, spent $3.13 million on PEPE during previous declines in early August, now seeing a $170k profit.

PEPE price dropped 5.7% to $0.00000817, but trading volume surged by 50%, indicating increased market activity. Open interest fell 5.5% in 24 hours but rebounded 9% in the last 4 hours. PEPE remains bearish below the 200 EMA but could rally 40% if it closes above $0.0000090. Conversely, it may drop another 25% if market fear persists, with key liquidation levels at $0.00000767 and $0.00000828.