A major whale closed their ETH long positions at a loss and switched to going long on PEPE, with holdings reaching $12.85 million.
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According to Hyperinsight monitoring, whale address 0x727 closed its ETH long position with a stop loss in the early morning of January 4, incurring a loss of approximately $470,000. The previous position size was about $15.57 million. Subsequently, this whale opened a 3x leveraged kPEPE long position with a position size of $12.85 million, currently holding an unrealized profit of $1 million (23%), with an average price of $0.0059 and a liquidation price of $0.0041, making it the largest kPEPE long whale on Hyperliquid. Additionally, monitoring shows that all kPEPE short whales on Hyperliquid with position sizes over $1 million are experiencing losses. The largest short whale, address 0x023, holds a position of about $5.88 million, with an unrealized loss of $710,000 (-120%), and an average price of $0.0056.
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