Data: A certain whale has shifted from stop-lossing ETH long positions to opening long positions in PEPE, with a holding of 12.8 million dollars, becoming the largest on-chain PEPE bull

According to monitoring by Hyperinsight, a new address whale (0x727) closed its ETH long position to stop losses early yesterday morning, recording a loss of about $470,000, with a previous position size of approximately $15.57 million. The funds were then used to open a 3x leveraged kPEPE (PEPE mapped contract) long position, with a position size of $12.85 million, currently showing an unrealized profit of $1 million (23%), an average price of $0.0059, and a liquidation price of $0.0041. This address is currently the largest long whale of kPEPE on Hyperliquid.

Additionally, monitoring shows that all kPEPE short whales with a position size exceeding $1 million on Hyperliquid are in loss. The current largest short whale (0x023) has a position size of approximately $5.88 million, with an unrealized loss of $710,000 (-120%), and an average price of $0.0056.