According to Odaily, blockchain analytics provider Lookonchain identified two addresses that opened leveraged long bets on PEPE totaling 924.7 million kPEPE.
Odaily reported that blockchain analytics provider Lookonchain detected two addresses opening 10x leveraged long positions in PEPE, a memecoin, with a combined size of 924.7 million kPEPE valued at $3.37 million. A long position is a trade that profits if the asset price rises, while 10x leverage means the traders used borrowed exposure to amplify potential gains and losses.