What are the big players in the 'crazy buy of second cakes' really betting on?

Recently, whales seem to have pressed the accelerator on their operations with second cakes: over the past two weeks, more than 160,000 second cakes (approximately 435 million USD) have been quietly scooped up through OTC channels, with an average price of about 2618 USD.

Latest today: 🔹 Purchased another 5463 second cakes (approximately 14 million USD), suspected to be related to Con**Sys

🔹 June 13: Scooped up another 2825 (7.48 million USD)

🔹 June 4: A staggering daily collection of 108,000 second cakes (283 million USD) #DOGE #PEPE‏ #sui #xrp #ETH $ETH $BTC $DOGE