Lookonchain
A pair of crypto wallets opened coordinated 10x leveraged long positions on $PEPE at the same time, accumulating a combined 924.7 million kPEPE — equivalent to roughly $3.37 million in notional exposure. The simultaneous entry, flagged by on-chain perp tracker HypurrScan, points to either a single actor splitting risk across two addresses or two traders acting on the same signal at the same moment.
At 10x leverage, the position amplifies any upside move in PEPE significantly, but also carries meaningful liquidation risk on a reversal. Coordinated whale entries of this size on a meme-derivative perp are typically read by the market as a short-term directional conviction bet — worth watching for follow-through or a rapid unwind.
Source: [HypurrScan Beta](https://hypurrscan.io/address/0xdfe25cd6745aca3bdb94499b0a71a8f3356b0f1f#perps)
Frequently asked questions
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What does a 10x leveraged position mean for the traders involved?
A 10x leveraged position means that any price movement in $PEPE will be amplified tenfold, increasing potential profits but also significantly raising the risk of liquidation if the price moves against them.
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How might the market react to these whale positions on $PEPE?
The market often interprets large coordinated trades as a sign of strong directional conviction, which could lead to increased volatility and potential follow-through or rapid unwinding of the positions.
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