Major PEPE Whale Executes $5.4M Asset Conversion and Enters Leveraged Positions

2025-10-01 10:06:13

Gate News bot message, A dormant PEPE whale has returned to active trading after a 7-month hiatus, executing a series of significant transactions. The trader converted 501B PEPE tokens into 1,112.37 ETH ($4.6M) and 561,923 EIGEN tokens into 188.62 ETH ($819K).

Following these conversions, the trader exchanged the accumulated ETH for USDC, subsequently depositing $5.53M USDC into HyperLiquid. The whale then established leveraged long positions in ASTER (2x) and XPL (3x).

PEPE6.86%

ETH5.04%

EIGEN4.81%

USDC-0.06%

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