Whale uses 3x leverage to go long on PEPE, with an unrealized profit of $2 million; previously, ETH trading resulted in a loss of $500,000.

GasWrangler · 2026-01-04T09:36:11+00:00

A major trader opened a 3x leveraged long position on PEPE on the chain, with a current unrealized profit of over $2 million. The trader previously lost $480,000 in ETH trading but has now regained momentum. PEPE's performance has attracted market attention.

GasWrangler

2026-01-04 09:36:11

Abstract generation in progress

【BitPush】On-chain data shows that a large holder opened a 3x leverage long position two days ago, targeting PEPE. The current unrealized profit has already exceeded $2 million.

Interestingly, this large holder’s trading record is actually quite complex. Previously, when trading ETH, they lost $488,069 in a single move before closing the position. This time, the leveraged PEPE trade seems to be regaining their rhythm — of course, the current market trend still appears to be moving in a favorable direction.

From on-chain monitoring data, the movements of such large holders often reflect some changes in market sentiment. PEPE’s recent performance has indeed attracted a lot of capital attention.

PEPE-1,63%

ETH-3,67%

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CodeZeroBasis

· 15h ago

Haha, previously lost 500,000 and now earned 2 million. This wave really turned around and filled the blood bar with a counterattack.

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MainnetDelayedAgain

· 19h ago

Made back a loss of 500,000 in two days. This brother's luck is indeed pretty good, but I don't know how long he can keep it up.

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0xOverleveraged

· 01-04 10:06

This guy is a hardcore gambler type, risking 500,000 and still daring to use 3x leverage on PEPE. Truly a gambler's mentality. Just got out of the ETH big pit, and now switching back to PEPE. I think it's not far from liquidation. 200 million in unrealized profit sounds great, but in this high leverage market, a reversal can wipe it out instantly. I advise everyone not to follow. Damn, this is a classic case of "losing money makes you more aggressive." Sooner or later, you'll have to pay the tuition. PEPE has been really fierce this round, but 3x leverage and greed are like a snake swallowing an elephant, brother.

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GasWaster

· 01-04 10:06

lol dude lost 488k on eth then went full degen on 3x pepe? that's the kind of cost-basis redemption arc i can't stop watching... 2m unrealized gains hitting different when ur bridge fees alone could've funded a small nation

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AirdropCollector

· 01-04 10:04

Damn PEPE, this wave is really awesome. What does a $2 million unrealized profit indicate? Mainly, he just guessed the right direction. This guy lost so much ETH earlier, now that he's turned around, doesn't it seem a bit greedy... Leverage can also be quickly wiped out. Wait, does this mean institutions are all betting on PEPE? Should we retail investors follow or not? The lesson from $500,000 isn't wasted; at least now we know how to hold a heavy position... But 3x leverage is truly exhilarating. Jealous of those with big funds, who can just make money whenever they want. We can only eat their leftovers.

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DAOdreamer

· 01-04 09:41

Lost 500,000 on ETH and turned around to make 2,000,000 on Pepe, this is a dream collaboration. Pepe is really impressive this time, big players are all bottom fishing. After closing the ETH position with tears, Pepe with 3x leverage took off, how strong is the psychological resilience? A floating profit of 2 million not taken, the risk is just too high. The wallets of big players don't lie, Pepe should be a safe direction. From a 500,000 loss to a 2,000,000 floating profit, this brother has realized it. Leverage is like licking blood with a knife, this account operation style is quite fierce. Pepe is really attracting money, big players can profit by following the trend, what are retail investors waiting for? This is the so-called "lose once to regain the field," it's hard not to look forward to it.

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