On-chain data shows that a major PEPE holder has accumulated a total of 13,100 PEPE since establishing their position in June 2024, with an average cost of only $0.00001683. This investment journey has been quite dramatic — on October 11th last year, PEPE dropped to a low of $0.00000279, causing this whale's single-coin assets to shrink by 83.4%, with unrealized losses reaching as high as $18.43 million.

However, the situation is gradually improving. The current unrealized loss has narrowed to $14.24 million, easing the pressure on the books. But to fully recover, PEPE needs to rise by 281%. Looking at historical trends, this whale's swing trading success rate has reached 100%, indicating that their holding strategy and timing skills are indeed commendable. This also offers a lesson to market participants: even deep short-term retracements may not be a bad thing for long-term holders — the key is whether they can hold on.