A certain whale's stop-loss on ETH long positions shifted to opening PEPE longs, with a position value reaching $12.8 million, becoming the largest PEPE long on the chain.

2026-01-04 07:08:41

Abstract generation in progress

BlockBeats News, January 4th, according to Hyperinsight monitoring, a new address whale (0x727) closed a long ETH position to cut losses early yesterday morning, recording a loss of approximately $470,000, with a previous position size of about $15.57 million. The funds were then used to open a 3x leveraged kPEPE (PEPE mapping contract) long position, with a position size of $12.85 million, currently showing an unrealized profit of $1 million (23%), with an average price of $0.0059, and a liquidation price of $0.0041. It is now the largest long whale on Hyperliquid for kPEPE. Additionally, monitoring shows that all kPEPE short whales with positions exceeding $1 million on Hyperliquid are in loss. The current largest short whale (0x023) has a position size of about $5.88 million, with an unrealized loss of $710,000 (-120%), and an average price of $0.0056.

ETH0.86%

PEPE-2.16%

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