
A major PEPE whale on Hyperliquid is now shorting over 1.24 billion kPEPE with 3x leverage, facing more than $130,000 in floating losses in volatile trading conditions.
A prominent PEPE whale on Hyperliquid has opened a 3x leveraged short position totaling 1,246,664,886 kPEPE, valued at approximately $8.54 million. The position currently shows a floating loss of $133,000 per token, highlighting significant exposure to market price movements. This development follows the trader’s earlier 3x leveraged long position that had yielded $2.05 million in unrealized profits, indicating a shift in trading strategy.