On January 9th, a major PEPE long trader on-chain executed another position after taking profits. The trader first closed out their previous position with 3x leverage, securing a profit of $963,000. In less than half an hour, they immediately re-entered the market with an even larger scale—going long 1,415,355,590 PEPE with 3x leverage, totaling approximately $8.7 million in position size. Based on current market conditions, this new position has already generated unrealized gains of $34,000. From profit-taking to establishing a large position in one swift move, this reflects the confidence of this major capital holder in PEPE's subsequent price movement. The operational moves of such top-tier long traders often serve as a barometer of market sentiment, as their profit-taking and position-adding timing typically carries unique insights into market trends.
On January 9th, a major PEPE long trader on-chain executed another position after taking profits. The trader first closed out their previous position with 3x leverage, securing a profit of $963,000. In less than half an hour, they immediately re-entered the market with an even larger scale—going long 1,415,355,590 PEPE with 3x leverage, totaling approximately $8.7 million in position size. Based on current market conditions, this new position has already generated unrealized gains of $34,000. From profit-taking to establishing a large position in one swift move, this reflects the confidence of this major capital holder in PEPE's subsequent price movement. The operational moves of such top-tier long traders often serve as a barometer of market sentiment, as their profit-taking and position-adding timing typically carries unique insights into market trends.