On-chain again reappears the “buying in against the trend” signal, as giant whales begin to rebuild their cost range.

Monitoring shows that an address made another large-scale purchase of PEPE after 8 months; this round’s newly added holdings reach 8000 billion tokens, valued at approximately 3.08 million US dollars.
Tracing back its past actions, on August 14 this address built a position of 6600 billion tokens at an average price of about 0.0000122 US dollars. After this top-up is completed, its overall holding cost has been diluted to about 0.0000074286 US dollars, but it is still in an unrealized loss of about 5.094 million US dollars at present.
The logic behind this kind of operation is very typical:
It’s not simply catching the bottom; instead, it actively “reshapes the cost structure” through continuous adding-on, leaving room for a future rebound.
But it’s important to note—that:
Diluting the cost basis does not mean reducing risk. As long as the trend hasn’t reversed, this is still essentially a high-risk game.
The fact that the whales dare to add to their positions indicates they’re betting on a reversal of the cycle;
and whether the market will go along is the key factor that ultimately determines profit and loss.
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