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

A major trader has placed a massive speculative bet on the rise of Bitcoin (BTC) and Pepe (PEPE) prices.

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

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

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

The trader allocated approximately 193,773,551$ for Bitcoin (Bitcoin-BTC) alone at an average price slightly below 105,000$ per coin, noting that its price at the time of writing had surpassed its previous all-time high of 109,000 to currently reach 110,700$ , marking an increase of 4.14% over 24 hours. The trader used a leverage of 3.78 times and a margin of 13.61%.

The price of Ethereum (Ethereum-ETH) also rose by 5.69% in the past 24 hours to $2,672.76, while other major altcoins, such as Ripple (Ripple-XRP), Binance (Binance-BNB), and Solana (Solana-SOL), maintained a state of relative stability.

James Wynn, a well-known trader with 78,000 followers on platform X, claimed