PEPE Coin Price Predictions: A Huge Bet by One of the Whales

A major trader has opened a massive speculative trade on the price increase of Bitcoin (BTC) and Pepe (PEPE).

In a significant show of confidence in the rising prices of Bitcoin (Bitcoin-BTC) and Pepe (Pepe-PEPE), one of the adventurous whales (large investors) on the Hyperliquid platform has opened a trade worth approximately 250 million dollars, speculating on the price increase of both coins.

Data from the HyperDash dashboard of the Hyperliquid platform reveals that the trader currently has unrealized gains exceeding 15 million dollars, most of which comes from their investment in BTC and PEPE.

The trader is heavily betting on Bitcoin and PEPE amid market shifts

The trader allocated approximately 193,773,551.$ to Bitcoin (Bitcoin-BTC) alone at an average price slightly below 105,000.$ per coin, noting that its price at the time of writing has surpassed its previous all-time high of 109,000, currently standing at 110,700.$ , an increase of 4.14% over 24 hours, and the trader used leverage of 3.78 times, with a margin of 13.61%. The trader's investment in PEPE is equally significant as that in Bitcoin, having allocated 33 million dollars to it, and this stake is currently yielding over 12.4 million dollars in profits or unrealized losses.