The post Whale Leverages $27.5 Million PEPE Long on Hyperliquid appeared on BitcoinEthereumNews.com.

A crypto whale’s high-stakes, 10x leveraged PEPE position on Hyperliquid faces mounting risk. The whale’s leveraged PEPE bet remains precarious, risking liquidation amid market instability. With added margin but persistent losses, any adverse price move could trigger cascading sell-offs and broader crypto turbulence. Whale Opens 10X Leverage on PEPE Crypto and DeFi analyst Ai revealed a notable gamble by a whale trader, placing a high-stakes bet on the PEPE meme coin. They opened a 10x leveraged long position worth $27.53 million on the Hyperliquid network. However, the trade quickly turned against them, with unrealized losses amounting to $3.238 million. The whale, identified by the address 0x507…BeDb6 initiated the position on March 24 at an entry price of $0.00814 per 1,000 PEPE. As it stands, they are now at risk of liquidation should the price fall to $0.005219. To prevent forced closure, they have added 3.818 million USDC in margin (approximately $3.8 million). Whale’s leveraged 10X PEPE bet on Hyperliquid. Source: Analyst Ai on X The precarious nature of the position raises concerns about the broader risks to PEPE’s market stability and the implications for leveraged trading on Hyperliquid. Using 10X leverage dramatically amplifies potential gains and losses, making this a highly volatile bet. Even minor price fluctuations can lead to significant swings in the whale’s account balance. If PEPE’s price continues to decline and reaches the liquidation threshold, Hyperliquid’s automated systems will forcibly close the position. This could further drive down PEPE’s price. Such liquidations often lead to cascading sell-offs as other leveraged traders get caught in a feedback loop, exacerbating market volatility. Meanwhile, the whale’s decision to inject more margin suggests they are committed to defending their position. However, this also signals the pressure they are under to maintain solvency. What Are the Perceived Risks? PEPE’s inherent volatility adds…

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Filed under: News - @ March 30, 2025 10:08 am