Former Top PEPE Bull Closes Meme Coin Longs at $314,500 Loss, Opens 4x Leveraged ETH Position Worth $17.75 Million

A trader previously known as the largest PEPE bull closed PEPE long positions on January 12, realizing a loss of $314,500, Hyperinsight data show. The trader has since opened a 4x leveraged long position on 5,618.97 ETH valued at approximately $17.75 million, with an average entry price of $3,097.29 and an unrealized profit of $330,000.