Whale sentiment shifts: PEPE long positions cut, heavy holdings in Ethereum

GasWrangler · 2026-01-12T05:08:12+00:00

A large trader who bet on PEPE has closed their position with a loss of $314,500, and shifted to a 4x leveraged long position on Ethereum, building a position of 5,618.97 ETH, worth approximately $17.75 million, currently with an unrealized profit of $330,000. This shift reflects differing market views on PEPE and ETH.

GasWrangler

2026-01-12 05:08:12

Abstract generation in progress

【BitPush】According to on-chain monitoring data, the largest long position previously betting on PEPE has already exited. This major trader closed their PEPE long position, realizing a loss of $314,500, but they seem to have shifted to a new strategy.

The current positioning is quite interesting — they are using 4x leverage to establish a long position on ETH, totaling 5,618.97 ETH, with a position value of approximately $17.75 million. The average entry price is around $3,097.29.

Since entering, this position has already gained a floating profit of $330,000. This shift is quite deliberate: moving from exiting PEPE at a loss to a large ETH position reflects, to some extent, different market views on the two assets. Especially with leverage on this ETH long, it is likely to attract close market attention.

PEPE-2,62%

ETH-0,85%

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