A certain whale set a stop-loss on their ETH long position and pivoted to open a long position on PEPE, reaching a $12.8 million stake, making them the largest on-chain PEPE bull.

BlockBeats News, January 4th, according to Hyperinsight monitoring, a new address whale (0x727) liquidated its ETH long position with a stop loss early yesterday morning, recording a loss of about $470,000, with a previous position size of about $15.57 million. Subsequently, the funds were used to open a 3x leveraged long position in kPEPE (PEPE synthetic asset) with a position size of $12.85 million, currently showing a profit of $1 million (23%), with an average price of $0.0059, a liquidation price of $0.0041, now the largest long whale on kPEPE on Hyperliquid.

According to monitoring, all kPEPE short whales with a position size of over $1 million on Hyperliquid are now in loss, with the current largest short whale (0x023) holding a position size of about $5.88 million, with a floating loss of $710,000 (-120%), and an average price of $0.0056.