Giant Whale is Trapped: Goes Long with 10x Leverage in this Altcoins And Suffers Huge Losses

According to crypto onchain data, the crypto whale with the short address 0x507 opened a long PEPE position with 10x leverage on the decentralized crypto exchange Hyperliquid on March 24. The whale in question still has a long position open at the time of writing and has currently lost $3.2 million. The PEPE price when the whale opened this position was $0.00000814. According to the latest data, the value of the whale's PEPE long position is at $21.4 million at the time of writing. Related News: Ethereum (ETH) is Bleeding: Bloomberg Analyst Explains Reason for Decline and Shares Possible Price Target If the PEPE price drops to $0.0000046447, the whale’s long position will be liquidated. The crypto whale added $3.8 million worth of stablecoins to his position as margin in the last 24 hours to prevent liquidation. Image showing details of the position opened by the whale on Hyperliquid. At the time of writing this article, the PEPE price is trading at $0.000007049. The token is about to close the week with a net loss of 3%, despite rising to $0.0000091 in the last week. Despite this, it can be said that its weekly performance is better than Ethereum. *This is not investment advice. Continue Reading: Giant Whale is Trapped: Goes Long with 10x Leverage in this Altcoins And Suffers Huge Losses