A cryptocurrency whale has been buying Pepe (CRYPTO: PEPE) on the cheap, taking advantage of the frog-themed memecoin’s recent drops to stock up. What Happened: According to on-chain tracking platform Spot On Chain, a wealthy investor named, “cookislandstrust.eth”, has been aggressively accumulating PEPE In the last week, the whale spent 3.13 million Tether (CRYPTO: USDT) to buy 420 billion PEPE on two occasions, including last week’s Monday sell-offs and again in the last few hours. This netted the trader a profit of $170,000, marking a 5.4% increase. See Also: Floki Announces Partnership Wit…