A crypto whale is facing significant risk by betting on PEPE with 10x leverage on Hyperliquid. The whale's PEPE leverage bet is in a dangerous situation, with a risk of liquidation amid market volatility.

Despite adding margin, they are still experiencing losses, and any adverse price movements could trigger chain sell-offs and cause broader cryptocurrency market instability.

Whale Opens 10X Leverage on PEPE

Crypto and DeFi analyst Ai revealed a notable bet by a whale trader, placing a large bet on meme coin PEPE. They opened a long position with 10x leverage worth $27.53 million on Hyperliquid network.

However, the trade quickly went against them, with unrealized losses reaching $3.238 million.

The whale, identified by address 0x507…BeDb6, started this position on 24/03/2025 with an entry price of $0.00814 per 1,000 PEPE. Currently, they risk liquidation if the price drops to $0.005219.

To prevent forced position closure, they added 3.818 million USDC to margin (approximately $3.8 million).

Whale's 10X PEPE Leverage Bet on Hyperliquid. Source: Analyst Ai on X

The risky nature of this position raises concerns about broader risks to PEPE market stability and impacts on leverage trading on Hyperliquid.

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KOL takes a 10X leverage position on Ethereum. Source: Analyst Ai on X

Although not immediately dangerous, this case further reflects the volatile nature of high leverage trading in volatile markets.

Developments around these positions highlight the risks of excessive leverage, especially in a declining market.

With the PEPE whale struggling to maintain its position and Ethereum long-term traders facing increasing losses, the broader cryptocurrency market may witness increased volatility in the coming days.